Ekwendeni Hammers are still hunting for sponsorship despite securing a five-year sponsorship deal with Agrizone International Trading (Azit) in February.
The company pledged to sponsor the TNM Super League outfit at K220 million for five years.
This means Ekwendeni would get K44 million per season from Azit.
However, five months down the line, the club’s patron Gift Mkandawire said nothing concrete had come through between the two parties.
“We are almost giving up now. We have engaged the sponsor several occasions and they keep on promising but nothing fruitful is coming out. We cannot see the future of this arrangement,” Mkandawire said.
He said Azit has only managed to give them K1.5 million since the agreement was made in February.
“We owe the players a lot of money in game bonuses and monthly upkeep. The best way forward for us is to find a new sponsor,” Mkandawire said.
Reports suggest that Ekwendeni and Azit have not finalised paperwork.
However, Azit Chief Executive Officer Matthias Bonongwe downplayed Mkandawire’s sentiments, saying the sponsorship was intact.
“Every time they ask for money, we provide. We are still committed to sponsoring the team until the end of the agreement,” Bonongwe said.
Despite sailing in troubled financial waters, Ekwendeni have performed beyond expectations in their debut season as they are on position four in the TNM Super League with 34 points from 21 matches, 11 points behind leaders Nyasa Big Bullets.