Fisd Company Limited has finally remitted the K20 million prize money for last year’s Fisd Challenge Cup champions Be Forward Wanderers and runners-up Silver Strikers.
Confirming the development, Football Association of Malawi (FAM) director of competitions and communications Gomezgani Zakazaka said the money was transferred into the association’s bank account on Wednesday.
“We have the money in our account and we will soon disburse it to the clubs,” he said.
The competition’s rules and regulations require the sponsor to remit the prize money within 30 days after the final.
Article 7.3 of the rules reads: “Transfer of the prize monies will be effected by the organising committee within 30 days of the concluding of the competition of each stage of the Fisd Challenge Cup.”
However, that deadline expired last Wednesday, triggering complaints from clubs that the delay was disrupting their plans.
Zakazaka said they never doubted the company’s commitment towards honouring the payment.
“Fisd has always been a good partner in football development. It is one of a few Malawian companies that have showed deep passion for the development of football. We always believed they would honour the payment,” he said.
Fisd marketing and communications manager Wezzie Chiumia apologised to the clubs for the delay which he attributed to logistical challenges.
“We regret delaying the payment. It was purely on logistical grounds. We went on holiday during the festive season. So it was not possible to process the payment within the specified period,” he said.
Chiumia said Fisd is still committed to supporting football and see out their five year cup sponsorship deal which it signed with FAM in 2016.