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NBS Bank Charity Shield fetches K10 million

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Gomezgani Zakazaka

Football Association of Malawi (Fam) has disclosed that the 2022 NBS Bank Charity Shield raised about K10.343 million net revenue.

According to a statement issued Monday, the Charity Shield grossed K23,691,700, which includes NBS sponsorship (K15 million), match-day ticket sales (K7,491,700) and broadcasting rights (K1,200,000).

Fam spent about K13,348,420 on various activities. The association spent K322,000 on officiation and K1.5 million on additional kits.

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Charity Shield winners Nyasa Big Bullets and their counterparts got K6,206,000 as participation fees. Fam also used K1,458,000 on marketing and K3,862,420 on match organisation which includes stadium hire, ticketing, gate management and security.

Fam’s Competitions and Media Director Gomezgani Zakazaka said the Charity Shield was a success.

“The money raised through this tournament will go towards charity work especially people affected by floods in the Shire Valley,” he said.

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Fam Charity Shield was first introduced in 2016 with the aim of helping the needy.

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