HANOI (24 Dec 2016) – Japanese motoring giant Toyota has stopped their sponsorship of Vietnam’s top flight for V-League – ahead of the new season which will start in March, 2018.
Toyota has been sponsoring the V-League 1 for the last three years.
“Toyota Motor Corporation will no longer be the sponsor of the V-League 1, starting next season,” said Tran Anh Tu, chairman of the management board and general director of the Vietnam Professional Football JSC (VPF).
Toyota had sponsored the V-League 1 for the 2015-17 seasons for VND40 billion (USD 1.76 million) a season.
But due to some financial challenges, Toyota had asked for a reduction in the amount of sponsorship with the VPF unable to reach an agreement.