Nyasa Manufacturing Company (NMC) take over ownership of Big Bullets football club will not affect their traditional red and white colours, interim General Secretary, Albert Chigoga, has said.
There have been reports that Bullets will change colours to green and white colouts to reflect the cigarette manufacturing company’s colours and be renamed as Nyasa United.
But Chigoga said the team would maintain its red hot traditional colours and name
“Bullets will always use its traditional red and white colours with the name NMC Big Bullets. This name is also registered with the Super League of Malawi and Football Association of Malawi,” Chigoga said.
NMC accepted an offer to take over the domestic football powerhouse at nominal value following a resolution made by the an extraordinary general meeting (EGM) of the club in Lilongwe on June 18 this year.
Among other terms, NMC committed to take over the team’s verified and confirmed debts and liabilities and that they shall be settled within six months. The club’s debt is now estimated to be in excess of K120 million.
“NMC 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, list the People’s Team on 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”.
“NMC further commits that supporters, through their appointed directors, will be part of the club even after the transfer of ownership.”