Nyasa Manufacturing Company (NMC) has suspended its K500 million sponsorship of Big Bullets due to misunderstandings that have rocked the club.
Breaking the news at a press briefing in Blantyre Tuesday, NMC Chairperson, Conrad Buckle, said the company was not ready to continue pumping money into a club that is in turmoil.
“We have learnt with great concern from media reports that the club’s trustees have all resigned. We have also learnt that the interim Executive Committee, appointed by the trustees, has been fired by the national Supporters Committee,” Buckle said.
“We have also been informed that the supporters have gone ahead to appoint a new committee to run the club. As sponsors, we have noted that there is no order at the club. For this reason, we are suspending our sponsorship until sanity prevails.”
He said it was sad that the club made no effort to consult NMC regarding developments including the appointment of the new Executive Committee, which is contrary to the sponsorship agreement.
He said NMC remains committed to the sponsorship contract but it is suspending funding to the club until the turmoil is resolved and the trustees formally notify the company on the way forward.
Stakeholders at the club have not been at peace with each other over commercialisation procedures.
The squabbles reached breaking point last week when the Board of Trustees Chairperson, James Bussiley, resigned on Monday and by Friday, the entire board quit the People’s Team.
Bullets Chairperson, Noel Lipipa, Tuesday declined to comment on NMC’s decision, saying he was in a meeting discussing the same.
Supporters Committee Chairperson, Stone Mwamadi, did not pick our calls.
The development is likely to bring more instability to the team with the new season set to kickoff next month. Bullets are expected to play Kamuzu Barracks on April 2 in Football Association of Malawi Charity Shield Match.
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