News24

FNB waives stadium rights

2012-12-27 12:48

Johannesburg - First National Bank (FNB) confirmed on Thursday that it has agreed to relinquish its naming and signage rights to the FNB Stadium during the Africa Cup of Nations (AFCON) tournament, for matches and related tournament events only.

For the duration of the AFCON spectacle, the stadium - which hosted the final of the 2010 Soccer World Cup - will be known as the National Stadium.

The waiver ceases following the final match on February 10 next year, with FNB being able to exercise all its previous rights seven days thereafter.

"As a proudly South African Bank and in the spirit of the nation hosting an unforgettable AFCON tournament, FNB is delighted to have reached an amicable outcome to our recent discussions with government and the Department of Public Works," said Bernice Samuels, FNB chief marketing officer.

SAPA

Comments
  • sidwell.francis - 2012-12-27 13:17

    Why confuse the masses?infact why lie to the World?the stadium is named after FNB,it should stay that way. It doesn't make sense to change for 3 weeks then you go back to the other,it is just a waste of resources and time. Furthermore,this sounds like a lot of bulldust considering that the very same bank won a hard fought legal battle to retain the naming rights of the stadium,why then give-up or risk that privilege again?I suspect that there's something sinister behind this move,something just doesn't add up!

      phumlani.loliwe - 2012-12-27 14:00

      FNB is a competitor of CAF'S banking partner, so obviously it wouldn't look good for the said partner sponsoring a tournament with their rival's name all over the stadium. Same thing happened in the WC with other sponsors, this aint new!

  • theMichaelHawthorne - 2012-12-27 13:30

    Why not call it nkandla...

  • damienbradshawphotography - 2012-12-27 13:32

    A "National Stadium" should cater for all sports, why couldn't they stick with Soccer City ?

      sean.bagley.50 - 2012-12-27 14:01

      Or name it after the area that the stadium is in like national stadiums of other country's do with theirs.

      ethan.pugh.92 - 2012-12-27 16:37

      I believe that naming right to Soccer City are owned by FIFA, so that name cannot be used for the AFCON tournament

  • clinton.bowden1 - 2012-12-27 13:44

    What is amicable? When I see "Department of public works" all I can think of Millions was spent for this amicable agreement. And to what Benefit ? What relevevance does the name change make ? As long as it is properly maintained and as a venue doe not embarass us as a nation in the public spotlight. "Proudly South African Bank", Please re-imburse me some bank fees then for the millions spent on obtaining the naming rights then please because that could only have come from money earned from your income means just to throw it away like this.

  • sango.jika - 2012-12-27 13:56

    I preferred soccer city can't they stick with that name because we used to it.

      ethan.pugh.92 - 2012-12-27 16:38

      I believe that naming right to Soccer City are owned by FIFA, so that name cannot be used for the AFCON tournament

  • zmbiba - 2012-12-27 14:12

    It is good that FNB has come to its business senses. It did not help to held the nation at ransom. The only thing we could do (if FNB refuses to understand) is to get united as a nation and boycot their business. FNB should learn to be patriotic and this will give them more clients than the strategy they choose to employ the past weeks. Imagine, I could have bought my ticket by now, but becos of the right issue I could not. Unfortunately I already used all my cents and this menas i will have to watch the FNB games on TV. Bad image for FNB. I will never be their client.

      DanitoGP - 2012-12-27 17:38

      Am sure they don't need you either.

  • zmbiba - 2012-12-27 14:16

    FNB should get to learn business sense. It makes a lot of sense for them to be patriotic than to refuse with the naming rights. At times we have got to donate (the rights) than to be stinchy. a donoation of the rights to the country or the Joburg metro could make a more business sense than refusing with the rights. Imagine if all soccer lovers decide to boycot FNB becos of its refusal? Surely I will refuse to be FNB clients becos of this one matter.

      DanitoGP - 2012-12-27 17:36

      Don't know what u r smoking or what you need to be smoking but either way get help.

  • zmbiba - 2012-12-27 14:22

    Hey guys - IP issues here - but I think FNB lawyers were bad businesss negotiators. I should not not have taken them so much time to understand that they have to take this position. I will fire them if I was FNB CEO or fire the CEO, he does not understand business strategy.

      richard.lemmer1 - 2012-12-28 05:04

      Sounds like you want to fire yourself ! Sounds like a good idea to me !!

  • roy.wadhams.1 - 2012-12-27 15:07

    PRESSURE from the ANC maaifoedies and SAFA made FNB give in to this useless lot.

  • mmoledis - 2012-12-27 15:13

    That is good I like what FNB is doing people should not think that they can do what they want with rights of other people and business and hope that settlement goes with money,because they do not want to use the name of FNB due to some business involved there so I think FNB COULD HAVE CHARGED THEM EVEN MORE BECAUSE THE COUNTRY BENEFIT NOTHING OUT OF THOSE TOURNAMENTS ONLY CAF will get huge turn outs and orange company which is sponsoring CAF.

  • MAGETSE.CONCEPTS - 2012-12-27 16:00

    well FNB knows that even if it temporarily relinquish its naming and signage rights, African soccer lovers would still see it as FNB stadium...................

      she.is.here.777 - 2012-12-27 16:31

      I was at the World Cup final in 2010 with my hubby and trust me I was at Soccer City not FNB or National whatever.lol

  • jacyjays.letsoalo - 2012-12-27 17:37

    What the ANC knows best is to change existing names. Now the FNB stadium has 3 Names. Soccer City, FNB Stadium and now National Stadium which I long suspected. Don't be surprised after January they calil it Heroes Stadium to honour the ANC cadres. For what I know the Stadium shall remain FNB stadium or Soccer City as we have come to know it. The same as Van der Walt Street in Pretoria I will not call it Lillian Ngoyi for I want my kids to know their oppressors...

  • tiaan.evony - 2012-12-27 19:25

    go and read rottenbank .co .za people-some of you might be in the same situation

  • catgirl1971 - 2012-12-28 01:17

    Yaaaaaaawwwwwwwwwwwn!

  • richard.lemmer1 - 2012-12-28 05:00

    F... FiIFA ! Getting sick and tired of everything that has to change to satisfy some idiot !

  • chris.vandermerwe.560 - 2012-12-28 05:34

    They should have agreed to use the name; First National Stadium, because it is a first and it is not a bank.

  • Gifted - 2012-12-28 07:58

    is it an embarrasment to have our home grown companies on the international spotlight?

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