Is the President a Saviour?

President commits first prize to Kashif and Shanghai

President Bharrat Jagdeo today pledged to assist the Kashif and Shanghai Football Tournament this year when he committed to provide the $750,000 first prize along with any Value Added Tax (VAT) incurred by the tournament.
The President’s assistance is expected to stop various speculations in the media over the past months as to whether the tournament would be successfully staged.
The promoters of the tournament, Kashif Mohammed and Shanghai Major pointed out that several sections of the media had misinterpreted various bits of information they received about the tournament previously.
Mohammed said the tournament is in its eighteenth year and President Jagdeo has always provided financial assistance since its inception during which time he was Minister of Finance. He had also assisted in providing the lighting system at the
Mac Kenzie Sports Club Ground, Linden where the tournament’s main matches are played.
Last year, the Head of State provided $1M for the tournament.
This year’s tournament will run from December 16 and will see 16 football teams from various parts of the country competing to cop the $750, 000, $350,000, $250,000 and $150,000 first, second, third and fourth prizes respectively.