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TN Stars’ new committee inherits K13 million debts

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By Mabvuto Kambuwe:

Silver’s Thuso Paipi (right) fights for the ball with a Stars player

The newly elected TN Stars executive committee has a huge task in the new season after inheriting debts estimated at K13 million from the previous committee.

This was disclosed during the club’s annual general meeting (AGM) held at Chikho Hotel in Kasungu District on Saturday.

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Former chairperson Jones Banda announced that their budget for the 2018 season was pegged at K61 million for all competitions but the club only managed to raise K48 million.

This left the TNM Super League with a shortfall of K13 million.

Out of the K48 million, K11 million was realised in gate revenue, with the directors and the previous executive committee contributing K37 million.

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However, the club owes players about K6.4 million in monthly upkeep allowances whereas the Meke-Mwase led technical panel is owed K3.6 million in salaries.

The club also has debts for transportation and accommodation in the 2018 season.

During the polls, Elias Yasin was elected the club’s chairperson after a 35-13 victory over former boss Banda. Chifundo Makawano was elected vice chairperson unopposed.

In his victory speech, Yasin said he would strive hard to make the team a force to reckon with in the 2019 season.

“Our aim is to ensure that the team finishes in the top five at the end of the 2019 season. We will also start the process of commercialisation to generate more resources for the team,” Yasin said.

Banda accepted defeat and promised smooth transition of power.

“We are one family and will continue working together for the good of the team,” he said.

The position of general secretary went to Mac Fallen Nyirenda whereas Blessings Nkhoma was elected his deputy unopposed.

Mike Chiwanga was elected treasurer unopposed whereas Edward Balakasi was voted his deputy.

In their debut season, Stars finished on position nine with 36 points.

The Kasungu-based side has a chance to take part in the 2019 Airtel Top 8 Cup if the suspension of Nyasa Big Bullets will not be lifted.

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