Saturday, August 13, 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

Clubs’ tnm subvention offsets debts

by Garry Chirwa
13/05/2020
in National Sports
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

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.

Chitipa United (in blue) battling it out with Nyasa Big Bullets last season

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.

Previous Post

Mwale is africa online chess king

Next Post

Flames captain cautions on restarting football

Related Posts

National Sports

Sports fraternity mourns netball umpire Wankhama

August 13, 2022
National Sports

Wanderers pen Sulom over refs

August 13, 2022
Front Page

Grudge derby 

August 13, 2022
Next Post

Flames captain cautions on restarting football

Opinions and Columns

Off the Shelf

Government, through Mera, killing Escom

August 13, 2022
My Diary

Joking about food

August 13, 2022
Search Within

Pitfalls of traditional charcoal production

August 13, 2022
Bottom Up

Mindset change should target Indian-Malawians

August 12, 2022

Malawi-Music.com Top10

Trending Stories

  • Chakwera withheld delegated duties from Chilima

    Did ACB, LMC rush? 

    0 shares
    Share 0 Tweet 0
  • World Bank suggests kwacha re-alignment

    0 shares
    Share 0 Tweet 0
  • Mindset change should target Indian-Malawians

    0 shares
    Share 0 Tweet 0
  • Covid-19 pushes Kuhes into drug manufacturing

    0 shares
    Share 0 Tweet 0
  •   MPs on trial

    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.