Mighty Wanderers have come out in the open to reveal that their SMS fundraising initiative Noma Yathu has flopped due to poor response from their fans.
Wanderers invested K10 million in the promotion which is set to wind up on Sunday but they failed to break even.
The grand finale will coincide with the team’s official launch of Be Forward sponsorship with the coming in of top officials from Japan.
“From the look of things we will not break even after we invested K10 million. The money catered for prizes and logistics,” Butao said.
But said they would divulge details to their stakeholders and supporters regarding what might have contributed to the flop.
“A number of factors have contributed to the flop. We want to come out clean because a lot is being said concerning this promotion,” he said.
“We will inform the supporters about the circumstances that led to poor results to the stakeholders and collectively we are going to take a hardline to address the issue so that it should never happen again. If the promotion was well supported we could have made profits.”
He said the flop of the promotion could have had a negative implication on finances if it was not for the Be Forward sponsorship.
“We introduced the promotion to fundraise for the team but it has turned out to be disastrous. We are lucky that we secured sponsorship otherwise we would have been in trouble.”
Chairman George Chamangwana sourced a minibus and three plasma tv sets for the promotion as token of appreciation from being elected.
The former Wanderers left back was appointed as acting chairperson after the resignation of James Chuma.Follow and Subscribe Nyasa TV :