Sports

Clubs given a chance to withdraw surety

Under-panic TNM Super League clubs have hailed Football Association of Malawi and Super League of Malawi (Sulom) for giving them a chance to withdraw the K1 million which they paid as Club Licensing Commitment fee.

This comes after Fam reviewed the status of the effect of the Coronavirus on the clubs and agreed to give them a chance to withdraw the surety.

With no access to gate revenue, clubs are relying on alternative sources of income to sustain their squads.

In reaction to the development, Be Forward Wanderers, General Secretary, Victor Maunde said the money would help the clubs.

“It is a good development for the clubs considering that we are in difficult times. The money will be used to supplement other activities,” Maunde said.

Previously, clubs were getting the surety at the end of the season.

On his part, Civo Service United General Secretary, Ronald Chiwaula was happy saying this would ease the challenges the clubs face during this time.

“We are excited that we will get the money and thank Fam and Sulom for the timely decision. We spent a lot preparing for the season but was suspended so the money will keep us going,”  Chiwaula said.

Fam announced on Thursday that it resolved to give the clubs a chance to withdraw the K1 million paid to Fam as Club Licensing commitment fee.

Fam General Secretary Alfred Gunda said money would go towards supporting key expenditures the clubs are incurring as a result of the football season suspension.

Gunda said clubs are therefore requested to confirm with Fam in writing to confirm that the national football body can proceed to transfer the funds accordingly.

The TNM Super League was due to kick off on March 21 but was suspended at the eleventh hour after President Peter Mutharika declared State of Disaster.

Following the declaration, the football season was suspended as gatherings was restricted to less than 100 people due to the Coronavirus pandemic.

All major football leagues across the world have been suspended including the English Premier League, Serie A, Spanish La liga, Bundesliga and French Ligue 1.

Caf also postponed Africa Cup of Nations (Afcon) qualifiers which were due to take place last month.

faith leaders
Tags
Show More

Related Articles

Back to top button
Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker