Malawi’s most prestigious football team, Big Bullets has lost a K500 million (about $728 000) sponsorship deal with a cigarette manufacturing company Nyasa.
The deal with Nyasa Manufacturing Company (NMC) entailed the sponsorship money would be spread over five years.
But the sponsors on Monday told a news conference that they are suspending their sponsorship deal following the confusing in the Peopel’s Team which has seen board of Trustees resigning enmasse.
The first to resign was board chairperson James Busile who was followed by Gregory Madeya before the others, including vice-chairperson Fred Kwacha, secretary Jim Kalua, the club’s finance and administration chairperson Fleetwood Haiya, who is NMC finance director, also followed suit.
“We have decided that our sponsorship should be suspended,” Nyasa boss Konrad Buckle told a news conference.
Bullets who command the biggest fan base spread throughout the tiny and soccer-mad southern African nation, has been without sponsorship for nine years since former president Bakili Muluzi sponsored them for two years when Nyasa rescued them.
Most of the 16 teams in Malawi’s poorly-run amateur super league are sponsored by the Army, Police and government. The rest are owned by private clubs.Follow and Subscribe Nyasa TV :