Malawi govt target Bingu Stadium gate collection for Account Number One

Malawi government in what can be termed as jumping the gun has disclosed that it is targeting gate collection from Bingu National Stadium to be deposited directly into government’s Account Number One.

Ning’ang’a: Gate collections to be deposited in Account Number One

This will be doing away with the norm as gate collections are shared depending on the competition.

Bingu Stadium manager, Eric Ning’ang’a, said the government is planning that fans’ gate fees would be deposited straight into Account Number One at the source in a bid to deal with rampant fraud.

“What we want to do is that as soon  football fans pay,  the money would be deposited into Account Number One,” he said.

“This would definitely help to deal with fraud and maximize on the gate revenue.”

He said the complexity of the modern stadium built with loan from Chinese government at US$50 million would require more money to meet maintenance costs.

But Ning’ang’a fall short of justifying how the plan would work.

Although the stadium will be  a government property the current way of sharing the revenue is that the venue gets 25 percent.

During the recent testing game involving Mighty Be Forward Wanderers and rivals Nyasa Big Bullets in the Bus Ipite Bonanza which raised a record K47 million the money was shared using the current system.

The goverment pocketed K9.6 million, Fam K3.8 million, K2.7 million was for security, gate management firm K3.2 million and the teams’ share of K25 million was pocketed by Luso going by the pact it signed with the football association.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

More From Nyasatimes