Broke Bullets calls emergency meeting over cash squeeze

Nyasa Big Bullets has called for an  extraordinary general meeting (EGM) this Sunday for  the domestic football powerhouse discuss financial crisis.

Chigoga: We can’t hide the financial turmoil anymore

The club’s secretary general Albert Chigoga conceded they are in “a deep crisis.”

“We have reached a point whereby we can’t hide anymore that we have a financial crisis,” said Chigoga.

He said the club may blow all the K500 million sponsorship from Nyasa Manufacturing Company by next year which was intended to run for five years.

Chigoga said the Sunday meeting will review the financial position of the club and identify solutions.

He said the sponsors cannot be blames as they continue to release cash every month but the club has “huge debt” over K120 million.

Club sources say some of these debt figures have no supporting documents.

NMC board chairperson Konrad Buckle said it was difficult for them to comment until the EGM.

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Chaponda
Guest

Kodi mmesa Team ianayamba ndi mapemphelo!!! Tiyeni ku Robins Park konkuja kikikiki!!
Kodi amenwa mpira nayendetsa kuti? !!! Koma Mahule !!! hahaha!!!!

Maliseni
Guest

THERE MUST BE A CASE FOLLOWING THE PEOPLE’S TEAM OR MISMANAGEMENT. EVEN WHEN A CHAIR GAVE THEM MK 15 MILLION THOSE DAYS, THEY HAD TO LEAVE AND TRAIN IN ENGLAND, THOSE THAT WILLINGLY GAVE THE TEAM THEIR PERSONAL MONEY CLAIMED BACK ON THE PRETEXT THAT THEY WERE LOANS. NOW THEY HAVE MORE MONEY AND MORE LOANS, WHY COME ??????????????????????????????????????

MAY BE THE TEAM DESERVE LEADERS THAT HAVE NO PERSONAL INTERESTS ????????????

ndondwa
Guest

In finance ngongole zopanda mapepala okwanira sitilipira simple there is no proof ndimbava zimenezo how can one have a debt without supporting documents ndiye muziti mukulipira chani ppamenepo? write off those debts up until eni ake apereke umboni okwanira mbava zinachuluka ku team yathuyi let the team go commercial basi.

Vuto the only few who benefit from gate collections are the ones against commercialisation yet ku stadium amalowanso ulere.

mwana wa mchewa
Guest

kkkkk team iyi sidzathekanso eish kaya ndi umbava kaya ndiumbuli I never know

Chintumbira
Guest

Ahhhh!!!!!!!!!! koma a Bullets ndinu oononga bwanji. Moti mwadya kale ndalama zija. NMC munangotaya makobidi

Tofa
Guest

Bwelani Ku ma banker makobidi tikumayatsila mbaula

Biafra Stand
Guest

Mr. Albert Chigoga, our Secretary General, please learn to schedule the meetings properly.
You can’t be busy announcing a crisis meeting when the team is at the same time tuning up for two crucial away weekend fixtures, yet all stakeholders, including senior players and the Technical panel are required to be present at the meeting. Nde meeting yo ikakhalila kuti? ku Dedza after the game?????

kathyali
Guest

how come?auzeni ma player musekura dcember.kkkkkkkm

Bonafide
Guest

Koma zizatuthera…….hope pakutha pa meeting imeneyi team sibalalikanso.

pathfinder
Guest

aaaaaah koma inunso mukukhumudwitsa fuko la Malawi bwanji? pena pake mumaiwala kuti ndiinu team yafuko bwanji? baasi ndapanga maganizo anga, a nyasa angoigula team yangayo baasi. mbava zosaphunzira zachuluka mu teamuyi.

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