JB’s K25m stirs trouble in Bullets
President Joyce Banda’s K25 million donation to Bullets has stirred trouble in the team with the executive committee accusing the trustees of overstepping their jurisdiction by demanding to oversee the club’s operation.
Bullets chairman Kondie Msungama described the trustees’ directive that the executive committee should be reporting to them as strange in the operation line of the team.
Msungama said the trustees’ move was questionable considering that the directive has been imposed after President Banda donated K25 million to the club two weeks ago.
“In the history of Bullets I have never heard that an executive committee should be reporting to the trustees. Why should they do it during my time as chairman,” Msungama said.
He also feels that the directive has dented his image as it has shown that he can’t be trusted with financial.
“What is surprising is also the fact that the directive has come after State President Joyce Banda donated K25 million to the team,” Msungama said.
An emotional Msungama told MBC Radio on Wednesday that he could reconsider his position after meeting them to express his concern.
The squabbles could jeopardise the team’s relationship to get more support from the President who had emphasised on financial prudence and law and order in both teams.
This is the second time for the executive committee and trustees to have a standoff over financial matters.
When Bullets landed K15 million Carlsberg Cup sponsorship two years ago the executive committee and trustees also had a fight over financial management.
