Monday, July 4, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Sports National Sports

Ntopwa up for sale

by Garry Chirwa
08/09/2020
in National Sports
3 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

TNM Super League outfit Ntopwa FC owner Isaac ‘Jomo’ Osman says the club’s franchise is now up for sale.

This follows his claims a fortnight ago that he can no longer sponsor the club because the sources of his income were shut down.

In an interview yesterday, Osman, who is also Democratic Progressive Party (DPP) councillor for Bangwe Mthandizi Ward in Blantyre, said: “The doors are now open for all those that might be interested to buy the club’s franchise.

“They can approach me so that we can start negotiations.”

Osman: Door is
now open

However, he could not be drawn to comment on the value of the Bangwe-based club popularly known as Amagheto Kids.

But both Football Association of Malawi (FAM) and Super League of Malawi (Sulom) yesterday said they were yet to be approached by Osman on his intention to sell the club.

FAM licensing and compliance manager Casper Jangale said: “He cannot sell the franchise of the club without informing us and Sulom because there are some procedures that need to be followed.

“If he is indeed serious about such intentions, then he needs to approach us so that we can advise him on the way forward.”

“The first point of call should be the regulators because we licensed Ntopwa as an entity.”

He said in the event that the club’s franchise is sold, the ‘new’ club will have to be licensed.

“The prospective new owners also need to realise that the change of the club’s name won’t be effected until all the technicalities are dealt with “and the process takes about six months or so”.

On his part, Sulom president Tiya Somba-Banda said: “He [Osman] is yet to communicate to us.”

But reacting to this, Osman said: “My understanding is that I cannot inform FAM and Sulom without identifying a buyer. If anything, within the next two weeks, I should have a clear position.”

Football marketing consultant Felix Ngamanya Sapao said the prospective buyer’s proposal should be approved by FAM and Sulom.

He said: “In essence, they are selling their status as a club and their right to play in the top-flight league.

“It could be another club buying Ntopa FC and they will be at liberty to either retain or discard Ntopwa FC players, or if anything, they might just take on board some of them.

“But that will need FAM and Sulom’s approval for the benefit of all parties.”

Osman said he already informed the players about his decision to stop sponsoring the team.

Ntopwa were promoted to the top-flight league at the start of last season on a technicality after finishing second in the second-tier Southern Region Football Association League Premier Division.

Previous Post

Ombudsman invades Macra

Next Post

Family fights 25 years to reclaim land

Related Posts

Kumwenda: It didn’t go according to plan
National Sports

Mwawi’s Vixen lose grand final

July 4, 2022
Front Page

Two week break For super league

July 4, 2022
National Sports

FAM changes academy approach

July 3, 2022
Next Post

Family fights 25 years to reclaim land

Opinions and Columns

My Turn

Child neglect and street robbery

July 4, 2022
Editor's Note

MPs’ houses to cost taxpayers K60bn

July 3, 2022
My Thought

Women underutilise digital platforms

July 3, 2022
Big Man Wamkulu

Her body count is too high, should I dump her?

July 3, 2022

Malawi-Music.com Top10

Trending Stories

  • Dubai firm cries foul

    0 shares
    Share 0 Tweet 0
  • Her body count is too high, should I dump her?

    0 shares
    Share 0 Tweet 0
  • MPs’ houses to cost taxpayers K60bn

    0 shares
    Share 0 Tweet 0
  • MP Chihana flops at Sadc elections

    0 shares
    Share 0 Tweet 0
  • APM, Ntaba risk Criminal charges

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.