Former Nyasa Big Bullets chairperson Kondie Msungama has disclosed that he will seek court injunction restraining sponsors Nyasa Manufacturing Company from taking over ownership of Malawi’s most successful football club.
Msungama’s move comes after an impromptu Bullets executive committee extraordinary general meeting resolved to effect a takeover by Nyasa amidst financial crisis rocking the People’s Team midway through a K500 million five- year deal.
The outspoken and flamboyant Msungama said although he was not against the move, the manner in which it was done raised more questions than answers.
“I am not against the takeover because it will give a direction to the commercialisation drive but there was no enough consultation for them to come up with the decision,” Msungama said.
“Right not I have instructed lawyers to look into this issue and definitely they will get a court injunction against the move.”
It is reported that Bullets have wasted the K500 million with only K99 million remaining in their coffers due to high wages and signing on fee.Follow and Subscribe Nyasa TV :