The contract penned yesterday in Woldia is in two forms; liquid cash totaling $800, 000 and a share of revenue gotten from each bottle sold to the fans.
This came days after Woldia inaugurated an ultramodern 25-seater capacity stadium, where they will now host their home matches.
Woldia are however struggling in the league, and are placed 11th in the 16-team league with 11 points.
Dashen Beer returns to the topflight albeit in a different capacity as sponsor, after disbanding their own team, which was relegated last year.
-Report by Timotios Baye.