South African soccer club, Maritzburg United FC, have secured a major funding package from the Msunduzi municipality.
According to local reports, the deal is worth R36 million (US$3.38 million) over three years and has been agreed with the City of Pietermaritzburg.
The deal ensures that Maritzburg United, who play in the South African Premiership, will remain in the city after speculation in recent months had indicated that a potential relocation was on the cards.
One proposal, a move to Port Elizabeth, is thought to have been turned down by the Club in recent weeks.
Under the terms of the new deal, Maritzburg United will play in a variety of stadiums in the municipality, rather than continuing a residency at the 12,000-capacity Harry Gwala Stadium.
United Chairman, Farook Kadodia, said:
For a municipality to partner with a professional team is something that hasn’t been seen before. So there is no doubt that this is history in the making. Having the support of the city is huge, the benefits are endless.