Giants Be Forward Wanderers are keeping fingers crossed after their sponsor-Japanese second hand car dealers-Be Forward Limited-called for an emergency meeting to discuss the current financial meltdown that has hit the world.
Sources indicate that the company intends to suspend Wanderers’ sponsorship for three months following loss of business due to the impact of Covid-19 pandemic.
“It is not that they are pulling out sponsorship but they have suggested that they might temporarily suspend it for three months,” said the source.
This follows reports that the company had scaled down in terms of production and sales as it is only operating at 21 percent capacity having lost about 79 percent.
Both the sponsors’ representative Mike Butao and Wanderers’ general secretary Victor Maunde confirmed the meeting but declined to divulge full details.
Butao, who is a former Wanderers general secretary, could neither confirm nor deny the reports.
“I wouldn’t call it a crisis meeting but rather a normal meeting which takes place between a child and a parent. A lot is happening. Football is not being played, but we are still getting our sponsorship every month. I believe it is going to be a fruitful meeting so let’s just keep our fingers crossed,” Butao said.
On his part, Maunde said any further sponsorship cut or suspension will negatively affect the club.
“If they [sponsors] are going to play hard ball then we are in for trouble; but let wait and see. We already started some income generating activities like the SMS promotion which we believe is going to be a success. But we need more money,” he said.
Meanwhile, football analyst, George Kaudza- Masina said the world was going through a bad period economically and anything can happen during the talks.
“This is tricky because the economy for most countries is down and most companies are still scalping down due to the dwindling economy as a result of Covid-19 pandemic. So let us pray what started well ends well,” Kaudza- Masina said.
Wanderers were the first team to effect pay cut after their sponsor reduced sponsorship due to the
Peter Fote is a Sports Journalist with huge experience in radio and Television reporting, production and presentation. He once worked with Malawi Broadcasting Corporation (MBC) and is currently working for Times Media Group.