Football Association of Malawi (FAM) and the First Discount Bank (FDH) have signed a pre-contract partnership agreement that will last for three years worth K90 million.
The signing ceremony took place at the Mpira Village at the Chiwembe Technical Centre in the Commercial City of Blantyre.
The partnership will see FDH bankrolling the Flames National Team through the country’s soccer governing body with an annual sponsorship of K30 million.
Speaking at the signing ceremony of the deal, FDH Managing Director Eric Quattara said his bank is pleased to partner with Fam in bringing the game of football to Malawians.
Quattara said in Malawi, football is a major sport that drives passion and excitement as well as bringing food on the table for several people.
“It is therefore undeniable that football is part of many Malawians lives. FDH is a home grown and home bread bank. We pride in our slogan which says ‘Our Bank, Our Future grow with us’. This means we want to be part of the future and growth of Malawi even in football,” said the Managing Director.
Reacting to the good news, Fam President Walter Nyamilandu expressed delightment with the development and confessed it is timely following the budget cut from their number one sponsor Malawi government.
Nyamilandu described it as a jackpot.
“This is good news to Malawi football and it could not come at a better time than now. The Flames funding from government has just been reduced and we started panicking on getting funds for the team’s last Afcon match against Swaziland,” said Nyamilandu.
He said it is not easy for a company to invest such a fortune in football.
“We are very proud to be associated with FDH bank and I want to assure you that we will not let you down,” he said.
He also assured the bank that Fam will make sure it gets the best out of the deal.
“FDH is welcome to football and has not made a mistake. It is a Malawian bank and there is no any other avenue that would have helped them grow than football. Fam will make sure that FDH gets the best deal in this agreement to show others that football has value,” said the Fam boss.
This means that Fam will have three partners excluding Malawi government namely Carlsberg Malawi, Airtel Malawi and FDH Bank.
Meanwhile, Fam will deliberate on the right channel to inject the FDH package at an Executive Committee Meeting slated for Saturday 6th August 2016 at Mpira Village where among other things, members will also discuss the issue of senior national football team coach.
This follows the expiry of the contract of the national team coaches Ernest Mtawali and his Assistant Nsazurwimo Ramadhan on July 30.Follow and Subscribe Nyasa TV :