Advertisement
Sports

Masters failing to secure buyer

Advertisement

Masters Group of Companies is still failing to secure a buyer for its football club one month after putting it on the market.

The club, which participated in the Caf Confederation Cup twice, failed to survive relegation last season after battling crippling financial challenges that saw players boycotting training sessions on several occasions.

At a time the club was expected to compete in the Chipiku Central Region Football League, Masters announced that they could not afford to continue running it.

Advertisement

The Lilongwe-based company therefore asked interested parties to buy it.

Masters General Secretary, Christopher Njeula, said they were yet to get serious buyers.

“We have only had three enquiries so far. These came from some individuals whose names I cannot disclose. I do not know whether they were representing any company or they came as individuals.

Advertisement

“This is the closest we have come to selling the club which has a slot in the Chipiku League. We are also on Fam’s [Football Association of Malawi] Mpira Connect. This means we are quite a valuable club. We are therefore calling on buyers to come forward and purchase this great club,” Njeula said.

He said while the club has been put on the market, its team bus and other items were not for sale.

A football analyst, George Kaudza Masina, said selling the club would be a mammoth task because of the Covid-19 pandemic.

“There is a lot of uncertainty on the financial market and investors are very cautious about what they are putting their money into. Most companies across the world are finding life unbearable and it should not be surprising to see them limit their spending. Economies are ailing and football is also suffering. Nobody knows what tomorrow might bring,” Masina said.

Besides representing Malawi in the second tier continental competition, Masters also managed to win the Carlsberg Cup after beating Be Forward Wanderers 4-3 on post-match penalties at Kamuzu Stadium in 2018.

In its four years of existence, the team produced top players such as Babatunde Adepoju, Vincent Nyangulu, Eric Atsiga and Francis Mkonda who are now with Wanderers.

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