Nyasa Bullets in K200m deficit, budget shoots to K400m

Nyasa Bullets FC have disclosed that they have a K200 million deficit as they need to raise at least K210 million to meet the team’s budget estimated at K480 million for the forthcoming season from K300 million spent  last season.

Nyasa BB boss Haiya with Sankhani Nyrenda signing for the club

The People’s Team chief executive officer (CEO) Fleetwood Haiya said they have a K210 shortfall.

He said apart from the sponsorship from the club would also be required to contribute and will  embark on a marketing drive to ensure that they  should also do their part towards the sponsorship as they hope to get K100 from cigarette manufacturing company, Nyasa, the owners.

They expect to raise K70 million through gate collections.

“We hope to raise from marketing drives such as sales of merchandise and space on our uniform and team bus,” he said.

Haiya has said the club has also opened up to corporate  industry to use  any of the Nyasa players as their brand ambassadors to raise the money.

Meanwhile, the club is still waiting for Nyasa to  build a stadium for it of not less than 10 000 capacity, but in the interim want to lease from government the Kamuzu Stadium in Blantyre together with their rivals Be Forward Wanderers.

Said Haiya: “We are in talks with relevant authorities to acquire land to construct our own stadium as well as a training ground and by next month, we should have made notable progress and we will inform you [the media]  accordingly.

“In the same vein, we have agreed with our friends [Wanderers] to have a consortium and come up with a joint proposal to lease Kamuzu Stadium [in the short-term] so that we can be managing it for an agreed period.”

The Bullets CEO said they also expect to have three club houses, a football academy and a training ground.

Bullets and Wanderers were formed in the 1967 and 1962 respectively, but for over 50, they have had no stadia.

Follow and Subscribe Nyasa TV :

Sharing is caring!

Follow us in Twitter
oldest most voted
Inline Feedbacks
View all comments
4 years ago

Good gesture though some Nyasa Bullets fans were laughing when the Nomads(MANOMA) said they are short of money to participate in the CAF Champions League.Nevertheless,as a soccer loving fan regardless of which team i belong to but this is a good thing what the Bullets have done to come out that they are downfall(short)of money for this forth coming season…LETS HELP THEM GUYS!!!!!!!

Defender of Faith
4 years ago

This is normal

Read previous post:
Malawi technical panel impressed with first training

Malawi national football team technical panel says it is very impressed with the three-day camp training for the senior Flames...