Wafawafa Bonanza misses K100mil target as clubs condemn FAM for demanding a share

The organizers of the Wafawafa Big Four Bonanza have admitted that there were some loopholes in organizing the tournament that resulted into them missing the target of raising K100 Million which they set.

Part of the crowd at Bingu Stadium: Stand filled with winners Mighty Be Forward Wanderers

The two day bonanza was organised to fundraise for the four clubs ahead of the new 2017 soccer season.

According to one of the organizers Thabo Chakaka Nyirenda who is also General Secretary for Silver Strikers, the tournament only raised about K41 Million which is even less half the amount they were hoping to realise.

Nyirenda said this is because they had little time to prepare and that their marketing strategy did not go according to plan.

Among other things, the Silver General secretary revealed that post-mortem of the event also revealed that they undercharged in terms of gate charges because the games were of high profile.

According to organizers, Saturday games between Silver Strikers and Kamuzu Barracks and Mighty Be Forward versus Nyasa Big Bullets matches raised K25.7 Million while Sunday fixtures raise K14 Million.

Out of the total amount of money raised, Bingu National Stadium had a lion’s share after pocketing K10 million while the clubs cut home about K2.6 Million each.

Football Association of Malawi (FAM) got a share of K1.8 Million while the rest of the cash was channelled to secirity personnel and other things.

Meanwhile, the clubs have condemned FAM for demanding cash from the proceeds.

According to Kamuzu Barracks Team Manager Francis Nthukwa Shaba, the behaviour that FAM has shown can kill the spirit of fundraising for local clubs.

Shaba argued FAM is not supposed to get a share from mere friendly games.

In his part, Chakaka  Nyirenda also had no kind words for FAM.

“When clubs are making efforts to improve their finances, it is sad that FAM acts as a stumbling block instead of creating a conducive environment for such initiatives. And we do not know what this money will be used for” Chakaka Nyirenda is quoted by the local press.

But in reaction to the condemnations, FAM General Secretary Alfred Gift Gunda said the clubs are not supposed to complain now because they sort a licence from the FA to hold the tournament which the conditions were clear that FAM will get its share.

Mighty Be Forward Wanderers won the tournament after beating league champions 2-0 in the finals while Bullets finished third following a 5-4 win through post match penalties against Silver Strikers.

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Zinenani Zoona
Guest

Guys be serious here: Total raised: K41million. Stadium: K10m; 4 teams each: K2.6m (total to 4teams = K10.4m); FAM: K1.8m:: TOTAL: K22.2m: BALANCE NOT EXPLAINED: 41 MINUS 22.2 = K18.8m. According to the organisers this went towards other things. Can you come out clearly where this went to. Otherwise with the maths not adding, SPECULATIONS arise

truth sayer
Guest

Why does fam keep getting a share….but when it comes to the national team participating in games they always say they have no money… Ndalamazi zimapita kuti???

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