Kondie to block Nyasa take over: Ex-Bullets chair to seek legal action

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: I am going to court

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.

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MBWIYE
Guest

TO SAID THE TRUE KONDI HAS GET A POINT.WE DONT KNEW WHO IS OWNED NYASA BULLETS.WE WAS TOLDED THAT THE TEAM WASE MAKED WITH BATA IN 90’S. NOW WHOS MAKED THE TEAM.WE DONT KNOW? WHY BEACUSE THERE IS MOST CRUKED PEOPLE IN THE TEAM. LES PLAY TO THE GOD TO PROTECT THE TEAM. AMEN

Chief Lundu
Guest

A TEAM THAT HAS EXISTED FOR 50 YEARS BUT HAS NO STADIUM AND IS BROKE BECAUSE OF THIEVES LIKE MSUNGAMA AND THAT ILLITERATE SUPPORTERS CHAIRMAN.

golo
Guest

Kondi is a confunsionist. The majority want Bullets to be stable financially and not rely on handouts.The only way out is for Bullects to go commercial and if Nyasa Manufacturing Company have shown commitment to buy the club let them do so. Mind you only a few companies in Malawi are interested in Sports and Bullets cannot pass up this chance.If Kondi has the capacity to buy the club let him come forward and not just block the team for the sake of greed.Kondi Bullets is not your estate.Leave Bullets alone.

MZIKA
Guest

KONDI HAS A POINT…. WHATS THE VALUE OF BULLETS? SECOND WHO OWNS BULLETS? THE BEST THING WAS THIS BIG BULLETS SHOULD BE TURNED INTO A COMPANY AND BE LISTED ON MALAWI STOCK EXCHANGE THEN LET THE ONE WITH BIG SHARES BE THE MAIN SHARE HOLDER PUT ASIDE 30% FOR SUPPORTERS TO BUY SHARES 70% CAN BE FOR BIG INVESTORS WHO WILL BE RESPONSIBLE FOR THE TEAM BUT BULLETS IKUDYA MFULUMIRA A LIPIPA AKUONA NGATI AKUGULISA OFFICE YAWO YAKALE KU NYASA NO…… EGM INALI CHIGOBA CHABE CHONGOFUNA KUTHAMANGISA ZINTHU FOR NYASA TO TAKE BULLETS PA 2 TAMBALA

Patola
Guest

No one is buying tee shirts so who will buy shares

Nyumwa
Guest

i like the move…..Msungama us taking. The team is supposed to be advertised and companues need to present theur proposals and compete…….its unfortunate that the team gies automatically to Nyasa. Let companies battle ut out.

mjba
Guest

This team belongs to Bata Shoe Company. That is what we know. Ena anayisitha kukhala Bakili Bullets, Ena akuti Bullets, ena akuti Nyasa Bullets. Kodi mwini teamyi ndi ndani? Tiyeni titukule mateam ampire pochita zinthu mwadongosolo. Akakhala awa a Kondi Msungama zawo ndizimenezo akawona kuti chawo palibepo amafuna kutchinjiliza. Anthu atopa nanu a Msungama palibe chimene mwayipangire Bata Bullets chokuti mungaloze kuposa kumangosokoneza ndi kuba

CitizenX
Guest

This fool thinks he is the owner of bullets, try your foolish games but in the end bullets will be sold and will be run by anthu anzelu and it will be a success team again, all the thieves OUT NOW.

mike mulumbe
Guest

Msungama anayikama timuyi munthawi yake , amayimbanga katapila akagwere uko. kaya ndikuyigulitsa chimene tikufuna ife timuyi idzichita bwino basi. talira kwa nthawi yayitali.

Bazooka
Guest

Akondi chitani manyazi Bullets siyanu. Mukufuna mudzingoiberabe. This arrangement will benefit the players alot.

Mustafa Piyasi
Guest

Kondi vuto lake nchiyani,bwanji osamangopanga zake bwanji?wasauka afuna akokole eti?

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