Nyasa to resume Bullets sponsorship once calm returns
Nyasa Manufacturing Limited (NMC) will resume sponsoring Malawi’s most prestigious football team, Big Bullets after situation calms down, the cigarette manufacturing company has said.
Speaking to reporters in Blantyre, Chairman for Nyasa, Konrad Buckle said they have decided to suspend the sponsorship to Bullets FC following ongoing leadership wrangles which are failing to die.
“NMC entered into this partnership with the club structure that determines a clear guideline regarding the control and ownership of the club which is stipulated within the club’s constitution. It is this constitution which gave us the comfort to invest our money in the club as a strategic partner,” said Buckle.
“No consultations have taken place with the sponsors regarding the current turmoil including the appointment of the new executive committee which is contrary to the sponsorship agreement,” he added.
Buckle announced Nyasa’s suspension of a K500 million (about $728 000) sponsorship deal.
The deal) entailed the sponsorship money would be spread over five years.
However, Nyasa said once things in the People’s Team calm down, they will resume bankrolling the club.
“ Until this turmoil is resolved and formerly informed by the board of trustees on the way forward, we are suspending this sponsorship deal,” said Buckle flanked by his Financial Director.
Reacting to the development, Bullets Chairman Noel Lipipa, the only serving Executive member told Nyasa Times that they hope to reach an agreement and called for patience and tolerance among the club supporters.
There has been confusing in the Peopel’s Team which has seen board of Trustees resigning enmasse.
The first to resign was board chairperson James Busile who was followed by Gregory Madeya before the others, including vice-chairperson Fred Kwacha, secretary Jim Kalua, the club’s finance and administration chairperson Fleetwood Haiya, who is NMC finance director, also followed suit.
Bullets who command the biggest fan base spread throughout the tiny and soccer-mad southern African nation, has been without sponsorship for nine years since former president Bakili Muluzi sponsored them for two years when Nyasa rescued them.
Most of the 16 teams in Malawi’s poorly-run amateur super league are sponsored by the Army, Police and government. The rest are owned by private clubs.Follow and Subscribe Nyasa TV :
Ndikuti uyu Neba sadzatheka, ngakhale venda ogulitsa nsapato m’mbali mwa msewu. akufuna kutsogolela nawo team – marabish..