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Malawi national football team players will now smile al l the way to the bank following the payment of the Cosafa Cup Plate section winners’ K2.4 million prize money which the association promised it would be shared by the squad that went to South Africa.

Football Association of Malawi (Fam) general secretary Suzgo Nyirenda, said the regional governing body had finally disbursed the prize money.

“The money was wired yesterday. There were some delays due to some logistics,” Nyirenda said.

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“As you are aware, the Cosafa Cup is a big tournament and Cosafa was still working on some logistics.”

“Besides that, the rules and regulation stipulate that the money can be paid at least within 30 days after the final match.”

However, the Cosafa Cup was played in May and 30 days already elapsed.

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The 2015 Cosafa Cup champions Namibia got R500 000 while runners-up Mozambique received R250 000 and R125 000 went to the third-placed team, Madagascar.

Botswana, who we r e losing semifinalist, got R100 000 while Plate winners, Malawi, R75 000 (about K2.4m).

However, the actual money that Fam has received is K1.9 million after deducting some expenses by the national team while in South Africa.

“There were some small expenses that we incurred while at the tournament and Cosafa deducts that amount from the prize money,” he said.

“Although it is a fully sponsored tournament in terms of accommodation, food and local running, you are given limits on how much you can have while at your hotel. When you exceed this, you have to pay.”

Nyirenda said as promised, the Flames would share the prize money.

“The liaison officer Mr. James Sangala is working on that,” he said.

“The money will be deposited in the players’ accounts on Friday.”

Nyirenda said after the Plate prize money payment, Fam would not owe players any money.

“We already paid them for the two wins at Cosafa against South Africa and Zambia before the Afcon game against Zimbabwe,” Nyirenda said.

“We don’t want to have any arrears as we prepare to play Swaziland.”

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