Advertisement
Sports

Deadlock

Sulom insists no money for annual general meeting, hints at holding meeting in April

Advertisement
TIYA SOMBA-BANDA

The wrangle between Super League of Malawi (Sulom) and its affiliates took a new twist Thursday after the former insisted that it has no money to call for an annual general meeting (AGM) before the start of the season.

Some Super League clubs, led by giants Nyasa Big Bullets, Mighty Wanderers and Silver Strikers, on Wednesday threatened to boycott league matches this weekend if the AGM failed to take place.

Sulom President Tiya Somba Banda said they could not call for the AGM now because their coffers were dry.

Advertisement

“We did indicate sometime back that Sulom depends on gate collections for its finances. Last year, we were playing games without spectators due to Covid. So, we were unable to generate income.

“Again, we did indicate to the clubs that once we start the league, maybe a month or so later, we will be able to hold the AGM which is a cornerstone of our governance structure,” Somba Banda said.

The clubs want Sulom to account for broadcasting rights revenue dating back 2017 and 2021.

Advertisement

However, Somba-Banda said the three clubs’ current office- bearers had outdated information.

“It is quite unfortunate that the new office-bearers are raising issues on matters that were already sorted out. They could have checked with their predecessors on records of broadcasting rights,” he said.

In April 2019, Sulom wrote off Beta Television debts amounting to K266 million for the league’s exclusive rights.

This was agreed upon during an AGM held at Kabumba Hotel in Salima District.

However, Sulom was still able to generate broadcasting rights revenue from radio stations.

Wanderers Board Secretary Humphrey Mvula said they will not stop pushing Sulom.

“We are preparing for our opening match of the season but we will not stop asking Sulom for the AGM. The game should not suffer because of broadcasting rights. But there are many sticky issues which need to be discussed and we will not rest until the AGM takes place,” Mvula said.

Bullets Chief Administrator Albert Chigoga said their position on the AGM remains the same.

“Nothing has changed on our side. We still expect Sulom to call for the AGM,” Chigoga said.

Article 44 of Sulom’s constitution mandates the Executive Committee to convene an Extraordinary General Meeting should it deem the move necessary.

“The Executive Committee may also convene an Extra Ordinary General Meeting if more than 50 percent of the affiliates entitled to attend and vote at the Annual General Meeting make such request in writing. The request shall specify the items for the agenda. An Extraordinary General Meeting shall be held within seven days of receipt of the request.

“When the Extraordinary General Meeting is convened on the initiative of the Executive Committee, it must draw up the agenda. When the Extraordinary General Meeting is convened upon the request of the affiliates, the agenda must contain the topics raised by those affiliates,” the article reads.

The TNM Super League season is expected to kick off tomorrow, with Bullets facing Wanderers at Kamuzu Stadium, among other matches.

Facebook Notice for EU! You need to login to view and post FB Comments!
Advertisement
Tags
Show More
Advertisement

Related Articles

Back to top button
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker