Cash-strapped Mighty Wanderers are keeping fingers crossed on securing a new deal with Salima Sugar Company after submitting a K250 million proposal.
This comes as the current partial agreement between the two parties is expected to end on March 31 this year.
However, the Nomads have already courted the company on the possibility of getting full sponsorship before the start of the season.
Both Company Secretary for Salima Sugar Charles Thupi and secretary for Board of Directors at Wanderers Humphreys Mvula, though elusive on the figure, confirmed that discussions were still underway.
Sources close to Wanderers and Salima Sugar confided in Malawi News that the club submitted a proposal of K250 million to carter for operations and renewing contracts for some of the players.
“Wanderers are looking for at least K250 million ahead of the season. They want the money for signing-on fees, salaries and other activities,” said the source.
When contacted this week, Thupi kept a tight lid on the details of the negotiations but said the company’s board will make a decision on the deal.
“You know that we have a partial agreement with Wanderers until next month. At the moment, I will not be able to disclose what will happen after the partial agreement because the board is yet to meet,” Thupi said.
Seven months ago, the Nomads and Salima Sugar finalised a partial sponsorship agreement worth K60 million for a period of nine months.
Through the agreement, the company has been providing K5 million to the club for operations.
Taking his turn, Mvula said this week that the club already engaged the company on the possibility of securing a new deal ahead of next season.
“We commend the company for its continued support and we are keeping our fingers crossed,” he said.
Wanderers have been without sponsors after the end of their deal with Japanese car dealer Be Forward Limited in 2020.
However, the club took a bold step towards commercialisation drive after it was registered as a company last year.
The club appointed a board of directors, whose president Thomson Mpinganjira, resigned towards the end of last year.
The resignation of Mpinganjira was considered as a big blow as he was the champion of commercialisation. Additionally, he was paying salaries for the players using his personal money.