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Fam wants K5 billion

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Football Association of Malawi (Fam) has pegged its expenditure budget for this year at K5 billion from K3.7 billion, representing 35 percent increase.

The association’s president Walter Nyamilandu made the disclosure Thursday during a press briefing at Mpira Village in Chiwembe Township, Blantyre.

Nyamilandu said the association’s revenue budget has also increased from K3 billion to K4.7 billion.

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However, he said Fam will register a huge deficit should the government not provide K880 million for national team activities.

“For 2023, our expenditure budget is K5 billion while the revenue budget is K4.7 billion. Fifa Forward and Malawi Government grants are our major sources of revenue.

“However, if we do not get the expected K880 million funding from the government, we will have a big shortfall. We are just keeping our fingers crossed, with the hope that the government will support us,” he said.

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The Fam boss said the association will get K2.4 billion from Fifa on top of the projected K880 million from the government’s subvention.

The country’s football governing body is also expecting a K257 million grant from Confederation of African Football (Caf) whereas K541 million will be collected from some business ventures and TV rights.

The association is also projecting to rake in K175 million from gate collections at both domestic and international games, with K120 million already guaranteed from Malawi National Football Team sponsor FDH Bank.

Fam is also expecting to generate K92 million from competition sponsorship funds and K90 million from exchange gains.

Sports Minister Richard Chimwendo Banda said it was too early to comment as the government’s financial year is not yet over.

“We are yet to do our budget for the upcoming year, so I cannot comment. Even then, such budgeting goes through Malawi National Council of Sports. This is the body which is mandated to deal with all sports associations in the country on behalf of the government,” Chimwendo Banda said.

According to the report which Nyamilandu presented, Fam spent K4.3 billion against an expenditure budget of K3.7 billion as at October 31 last year.

He said the additional income came from World Cup qualifiers and Africa Cup of Nations (Afcon) television rights revenue.

Sports analyst George Kaudza Masina said Fam is justified to peg its budget at K5 billion.

“The cost of goods and services has risen over time because the US dollar is misbehaving. It should also be appreciated that Fam’s budget is dictated by programmes lined up at Chiwembe, with the Afcon qualifiers high on the agenda.

“Fam’s request of K880 million from the government is very much in order. It is not a question of Fam being over reliant on government. It has to be made clear here that all activities of the senior national team are purely government’s responsibility.

“You will also come to realise that it is not all the time that Fam gets all the money it needs from the government. All other sponsorships are secondary as they are just helping government in the development of the game,” Kaudza Masina said.

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