Nyasa takeover deal ready: Bullets committees to be dissolved

Malawi’s most prestigious football team, Big Bullets have finalised a memorandum of understanding (MOU) that will pave way for  a cigarette manufacturing company,  Nyasa taking over the ownership of the club.

Chigoga: Nyasa take over ready

Nyasa’s Konrad Buckle (left): Take over waiting for signing  MoU

Nyasa Manufacturing Company (NMC) are  currently the sponsors of the People’s Team.

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.

“Lawyers  representing the Nyasa Manufacturing Company and Bullets have finalised the takeover process which includes transferring of ownership fron trusteeship  to  Nyasa,” Albert Chigoga, who is general secretary of  the 1967-founded team, said.

He said what is left now is the official signing ceremony.

“Everything has been finalised. Any day from now we will have the official siging ceremony,” he said.

Chigoga said both Nyasa and Bullets club are “delighted and contented” with the development.

According to Chigoga, the club’s executive committee led by Noel Lipipa and  the board of trustees will be dissolved once the signing  take place.

In an interview, the cigarette manufacturing company’s board chairperson Konrad Buckle  confirmed that they are ready to take full control of the club and list the People’s Team on Malaw Stock Exchange within five years “and offer at least 30 percent to any interested supporter, investor or general public in the spirit of sustainable goodwill to truly become the People’s Team”.

.Nyasa also commits to undertake the following proposed projects:  (i) Acquire a team bus within six months; (ii) Construct a stadium of not less than 10 000 seater and the project shall be initiated within five years,” reads part of the letter.

It has also committed to acquire a training ground [within a year] and three club houses—one in each region—complete with regional offices within three years.

NMC has further committed to allow other business partners to invest in the team, set up an academy within a year.

“NMC further commits that supporters, through their appointed directors, will be part of the club even after the transfer of ownership.” n

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.

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STAGA
Guest

Kodi yemwe akudandaula za busyo ndindani? mukuona ngati team ikuyenda wapansi!! akuluakulu NYASA YIKUTITHANDIZA!!
ZINAZI NDI UFITI BASI!!

AZEZULU,ASEKURU AKWAMAGODI KU MALOWA
Guest
AZEZULU,ASEKURU AKWAMAGODI KU MALOWA

BB .& NYASA MOTO KUTI FWAAAAAAAA, MUNVA JUUUU MMIMBAMO

pathfinder
Guest

Kodi bus nanga ikuchedwa pati monse munayambira kulemba kuti ma official a bullets apita ku joni kukatenga bus. Ife tidzingodikirabe? zachamba eti? inunso olemba nkhani osamangofulumira kulemba nkhani zisanapse.

Citizen
Guest

Iwe vuto lako ndichani? Ndiweyo supporter wa Big Bullets iwe? Ndakaika.

wapona
Guest

Pathfinder, phuma bwanji bus yifika man kkkkkkkkkkkkkkkkkkkkk

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