Silver Strikers executive committee is reportedly under investigations over alleged mismanagement of the club’s resources.
According to sources within the club, the Board of Directors met recently and agreed to dissolve the entire committee, except Vice-Chairperson, Goodwell Chinjoka.
The board’s spokesperson, Chiku Kalilombe, was non-commital Wednesday, saying the club would release a statement on the matter this week.
“We will only make it public once we finalise everything,” Kalilombe said.
Reports suggest that the club has exhausted K54 million on repaying debts, buying players and signing-on fees— just a week after the TNM Super League season’s kick-off.
The Central Bankers spent an estimated K12 million on bolstering the squad and K8 million on signing-on fees.
Silver Treasurer, Fred Kalonga, yesterday said he was yet to be briefed on the dissolution.
“Actually, people are just posting on the [social media] forums, but I don’t want to comment on issues without evidence,” Kalonga said.
The club has repaid debts amounting to K34 million dating back to last season’s Super League second round.
Early this year, the club announced that it would abolish the executive committee and hire secretariat staff to run the club as a professional entity.
Following the development, Silver will no longer hold executive committee elections, but only for the supporters’ committee.
Silver is a limited company by guarantee with directors namely, Kelvin M’mangisa, Paul Chimimba, Naser Tayub, Kalilombe, Mario Antoine and Macdonad Mafuta-Mwale.
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