Super League of Malawi (Sulom) and Football Association of Malawi (FAM) will adjust the transfer fee cap of K3 million(about $4 404) set two years ago, in order to adapt to the country’s economic changes.
The transfer window opened on January 14 and clubs are busy on the market, but in the meantime, general secretary Williams Banda said Sulom would let the market forces dictate the transfer fee pending the revision.
“There is indeed need to revise the transfer fee considering that there have been a lot of changes in the country’s economy,” Banda said in an interview yesterday.
“We delayed adjusting the transfer fee cap because we had to discuss the issue with FAM.”
The development means clubs can negotiate on transfer fee based on the demand and supply principle.
“A player’s transfer fee will be based on what the market dictates. At the end of the day, the transfer fee cap will also be determined based on the dynamics on the market,” said Banda.
FAM, Sulom and clubs are expected to deliberate on the new transfer fee cap at a stakeholders meeting on January 31.
FAM player transfer manager Casper Jangale said the clubs are free to set the transfer fee of their choice as they await for the new transfer fee cap.
“The current transfer cap is no longer binding. Things have changed in the past two years. Nowadays, players are expensive. K3 million is just peanuts,” Jangale said.
So far, no transfer request has reached Sulom secretariat since the window reopened.
But clubs have been negotiating while others claim to have signed some players.
Silver Strikers general secretary Fred Kalonga said they had roped in Wizards duo of midfielder Levison Maganizo and goalkeeper Bright Munthali.
The Bankers are also negotiating with another Wizards defender Mark Fodya, who is brother to Big Bullets’ left back Yamikani. They are also hoping to sign Azam Tigers duo—Nenani Juwaya and Yamikani Chester.
Be Forward Wanderers have also completed Wizards duo of Ernest Tambe and Rafiq Namwela’s deals.
TNM Super League champions Bullets, who intend to sign four players, are in negotiations with Civo United to sign the Lilongwe giants’ two defenders.
However, Bullets vice-general secretary Kelvin Moyo could not be drawn to reveal the identities of the players.
“We will only be able to reveal the names once the transfer negotiations are completed,” he said.
But reports from Lilongwe indicate that John Lanjesi and Emmanuel Zoya are the transfer targets for the People’s Team. n