Billions Kenya’s likely to splash in hosting Bayern vs Ajax friendly in Nairobi

Kenyan government will spend up to Ksh1 billion to invite German Champions Bayern Munich and Ajax for the Tuesday, 5 January international friendly match at the Raila Odinga International Stadium, formerly Talanta City Stadium.On Wednesday, President William Ruto announced that the two sides will take on each other next year in an official ceremony to open the 60,000-seater stadium popularly known as Raila Odinga Stadium.Download our Mozzart Sport App for more newsAlthough Ruto did not announce how much the country will pay to bring the two sides to Kenya, the European clubs demand hefty appearance fees.Bayern Munich normally demands an appearance fee of between €3m (Ksh 433million) and €6million (Ksh 866million), depending on the importance of the fixture.Ajax, on the other hand, takes €1.5m (Ksh 217million) to honor such an invite.Bayern Munich to face Dutch giants in official opening of Raila Odinga StadiumApart from the steep appearance fees, the Kenyan government will also take care of first-class travel and five-star hotel accommodation for both teams, which could significantly increase the figure.It is unclear if the government, through the Sports Fund, will fund the expensive trip. The fund receives Ksh15 billion every year towards supporting Kenyan teams to international events and building of stadia.Talanta Stadium itself was built from a loan taken by the Sports Fund and costs more than Ksh 45billion.##NAJAVA_MECA_10066897##Last month, Ruto defended his decision to securitize the Sports, Arts and Social Development Fund (SASDF).Speaking during a roundtable meeting with local journalists, Ruto said the decision, which has been widely criticized in some quarters, will enable the country to construct top-level facilities.“The fund has been there for 15 years. What have they done?” he questioned.“At least for my administration we can account for the seven years that the fund will be securitized as we shall have 32 stadia in the country,” he said.TACTICAL ANALYSIS: How league newcomer has helped Shabana keep 3 consecutive clean sheetsRuto claimed the fund had been misused and did not help sports to develop, and insists it is now doing its work through the securitization process.“At least now everybody can see what the money is doing. The development of sports facilities remains an integral part of helping our youth excel in their talent,” he added.The government borrowed more than Ksh 44billion through securitization to build Talanta Stadium, one of the venues to host the 2027 Africa Cup of Nations finals to be played in Kenya, Uganda and Tanzania.##NAJAVA_MECA_10067403##But critics of the move have questioned the high interest rate the 15-year loan is set to attract, with claims that the fund will end up paying more than Ksh 100 billion.The government announced plans to borrow another Ksh 38.74 billion against future Sports Fund revenues to finance the construction of 33 new and ongoing stadium projects across the country.

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