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Sting 2009 Budget Problem.

This is a discussion on Sting 2009 Budget Problem. within the Breaking News forums, part of the ReggaeME.com category; Sting_Dvd (Small).jpg Isaiah Laing, head of Supreme Promotions, which stages the huge Sting concert on Boxing Day annually has a ...

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    Post Sting 2009 Budget Problem.

    Sting_Dvd (Small).jpg
    Isaiah Laing, head of Supreme Promotions, which stages
    the huge Sting concert on Boxing Day annually has a J$10
    million budget problem and rising.

    Vybz Kartel is said to be demanding Us$100,000
    (approximatelyJ$9 million) from the Supreme promoters
    to battle the two alliance deejays at the same time.

    At the launch of Sting on Tuesday night, Laing said Elephant
    Man was running from a lyrical face-off with Flippa Mafia and,
    as a result the 'Energy God' would not be on the show.

    However, Elephant Man says he is not running from a clash. Elephant
    Man says he is willing to clash Flippa Mafia at Sting if promoter Isaiah
    Laing is willing to pay him Us$55,000 (approximatelyJ$5 million).

    Since Guinness gave up the title sponsorship of Sting, they have
    not had a sponsor pick up that huge role of title sponsorship causing
    the budget shortfall.

    sting_laing.jpg
    However, there is a much more immediate need and Laing says
    Sting does not have sponsorship in its all-important platinum, gold
    and silver categories.

    A platinum sponsor is required to put in US$500,000 on a three-year
    commitment and gets title sponsorship. A contribution of US$200,000
    secures a gold categorisation and presenting sponsorship status, while
    an investment of US$90,000 is necessary for silver, or service sponsorship.
    Last edited by Rexxxy; 11-27-2009 at 08:29 PM.
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