Two months after Be Forward Wanderers organised a fundraising dinner in Blantyre where K10 million was raised through pledges, most companies and individuals are yet to honour their pledges, Nation on Sunday has established.
The club’s general secretary Mike Butao confirmed the development in an interview on Thursday.
“It is sad that out of the K10 million, only K3 million has been collected. It is a disappointing development and a big setback to our plans,” said Butao.
Wanderers plan to construct a stadium and the fundraising dinner was meant to raise money for the project.
But Butao fell short of mentioning the individuals and organisations that owe the team, saying doing so will complicate matters at this stage.
Constructing a stadium and membership drive are part of Wanderers’ ambitious commercialisation drive.
Should they realise their stadium project dream, Wanderers’ revenue will increase significantly because apart for getting club allocation money, they will also benefit as ground owners.
Football Association of Malawi (FAM) commercial and marketing director Limbani Matola said it is important that clubs be innovative and initiate projects that can help increase their financial levels.
On their part, Nyasa Big Bullets have also stepped up their membership drive and their finance committee chairperson Isaac Norman said they are targeting 100 00 supporters in the initial phase. n