Clubs’ tnm subvention offsets debts
Sulom has revealed that 90 percent of the K1 million subvention Super League clubs get from sponsors TNM plc goes towards offsetting debts with the league runners.
Super League of Malawi (Sulom) president Tiya Somba Banda was reacting to a suggestion to consider an advance subvention release to the clubs to mitigate in their financial constraints in the wake of the novel coronavirus (Covid-19) pandemic.
He said releasing the funds would have been an ideal option, but most of it goes towards settling registration fees.
Said Banda: “Ninety percent of those funds offset the debt that clubs have with the league so it would really have no effect.”
Some clubs such as Karonga United and Chitipa United are battling a severe cash squeeze to the extent that they cannot raise salaries for their players.
Karonga United general secretary Ramzy Simwaka yesterday said the situation is worsening.
“The players are on our necks since most of them depend solely on football and we are in a tight situation.
“Maybe we can still talk to Sulom to see if there can be another arrangement on the subventions,” he said.
Last month, some clubs such as Nyasa Big Bullets, Silver Strikers and Karonga said when negotiating for league sponsorship extension with TNM, one of the areas that Sulom needs to dwell on is the subvention which they felt is on the lower side.
Two weeks ago, Be Forward Wanderers effected a 50 percent wage for their players, technical and administration staff while their rivals Nyasa Big Bullets are also pondering the same as the pandemic continues to take a toll on sport globally.
