IBF has other sponsors<\/p>\n
JAKARTA (JP): International Badminton Federation (IBF) vice
\nchairman Justian Suhandinata said yesterday that the federation
\nhad an alternative sponsor if Indonesia-based cigarette company,
\nPT. HM. Sampoerna, withdrew from the Thomas and Uber Cups
\nchampionships in Hong Kong in May.<\/p>\n
\"The IBF is optimistic that we can still stage the events on
\ntime because we have an alternative if the main sponsor cannot
\nfulfill its promise,\" he said.<\/p>\n
\"Some Asian countries agreed at the Asian Badminton
\nConfederation's executive committee meeting in Manila last week
\nto financially help the IBF to stage the event,\" he added.<\/p>\n
Japan, South Korea and China Taipei have agreed to pay for the
\nsponsorship boards around the courts.<\/p>\n
\"Promoter IMG (International Management Group) will also
\nprovide US$5,000,\" Justian said.<\/p>\n
It is feared Asia's economic turmoil might force HM. Sampoerna
\nto pull out from sponsoring the $1 million event.<\/p>\n
Justian said IMG should have submitted a 30 percent down
\npayment to the IBF on Jan. 1. But due to the rupiah's
\ndepreciation against US dollar, IMG failed to hand over the
\nmoney.<\/p>\n
Antara reported that South Korea has been named to replace
\nHong Kong as the championships host but that the move would be
\ndelayed to January 1999.<\/p>\n
Justian said it was impossible to stage the championships in
\nEurope due to sponsorship problems and that the IBF had always
\nsuffered a deficit when staging the biennial event in Europe.
\n(yan)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ibf-has-other-sponsors-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}