Monday, September 25, 2023
HomeLifestyleMalawi's business mogul Thom Mpinganjira bails out Wanderers Club with MK20.2 million...

Malawi’s business mogul Thom Mpinganjira bails out Wanderers Club with MK20.2 million for players’ four months salary

BLANTYRE-(MaraviPost)-Malawi’s business mogul and former FDH Holdings Limited Chief Executive Director Dr. Thomson Mpinganjira has volunteered to support Wanderers Club with the payment of 50% of players’ salaries for four months totaling to MK20.2 million.

Dr Mpinganjira gesture comes following SOS sent by the Executive Committee to supporters and various stakeholders that the club was in financial trouble.

The business mogul has offered the financial bail out in his personal capacity as concerned with the the welfare of the Wanderers players.

“Dr Mpinganjira has come to our rescue in this difficult time of Covid-19 that he has volunteered to support Wanderers Club with the payment of 50% of their salaries for four months.

“The players have not been receiving their salaries since December 2020 although they were at 50% of their normal rates,” says Wanderers official site.

With this development, it means that the players will be paid for December 2020, January and February 2021 arreas and they will be certain to be paid in March 2021.

“To ensure that the money goes straight to the players, the payment is going to be made directly into the players and officials accounts for easy accountability and tracking.

“Wanderers greatly appreciate the gesture made by Dr. Thom Mpinganjira and is calling other well wishers to help the team in this time of need,” lauds Wanderers site.

Maravi Post Reporter
Maravi Post Reporterhttps://www.maravipost.com/
Op-Ed Columnists, Opinion contributors and one submissions are posted under this Author. In our By-lines we still give Credit to the right Author. However we stand by all reports posted by Maravi Post Reporter.
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