• Wed
  • Oct 22, 2014
  • Updated: 4:58pm

Sponsorship stubbed out

PUBLISHED : Tuesday, 03 March, 1998, 12:00am
UPDATED : Tuesday, 03 March, 1998, 12:00am
 

Tobacco company Philip Morris is sponsoring the Dynasty Cup for the last time because of anti-smoking policies around the world.


Philip Morris is believed to have invested more than US$2 million in the four-nation tournament, which was first held in August, 1990.


This year, prize money totalled US$750,000, up 50 per cent from the last tournament.


Peter Velappan, secretary-general of the Asian Football Confederation (AFC), confirmed yesterday that organisers were now looking for a new sponsor.


'This is the last Dynasty Cup being sponsored by Philip Morris. We have been looking for a new sponsor,' said Velappan.


'It is not yet the AFC's policy to reject tobacco sponsorship, though some Asian countries now have such laws.' Velappan was confident a new sponsor would be found.


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