No funds for Sulom AGM

The Super League of Malawi (Sulom) has said it faces funding challenges to call for an annual general meeting (AGM).

The flagship league governing body general assembly is due, but vice-general secretary Major Thoko Chazema said funding is proving to be a challenge as they are owed a substantial amount by clubs and media houses.

“It is imperative that we hold the AGM to discuss some pertinent issued such as the vice-presidency vacancy, but the challenge is that we have no money because some teams and media houses owe us some money in affiliation fee balances and broadcasting rights.

“We need between K4 million and K5 million to host the general assembly,” he said.

However, Sulom treasurer Tiya Somba-Banda could not be drawn to disclose how much Sulom is owed by clubs and media houses.

“Disclosing debts is a bit out of the code of accounts’ conduct. It is only through punlished accounts that the public can get these figures.

“We are concluding our financial statements and they will be published,” he said.

Among other issues, Sulom is also supposed to present its annual financial report at the general assembly.

Clubs are also looking forward to raising some concerns such as seeking explanation on the delay to get their share from the Television rights deal with Beta TV as well as radio rights proceeds.

“As clubs we do not know how much we have made from radio rights or when we will receive the proceeds.

“We also do not have a clue on what is stipulated in the Beta TV contract and when we will receive the proceeds and what amounts to breach as stipulated in the contract and these are the issues that we would like to be enlightened on,” said Be Forward Wanderers general secretary Mike Butao in an interview recently.

He also said the issue of gate-collection shares is another area that needs to be tackled.

Silver Strikers general secretary Thabo Chakaka-Nyirenda said a proposal to request league sponsors to consider reviewing the sponsorship package, could also be raised.