Newly promoted Chadibe seek investors
Friday, June 07, 2024 | 160 Views |
![New boys: Chadibe North FC will make their Premier League debut PIC: LEATILE MORGAN](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2024/06/07/110904.jpg&w=800&q=72&f=jpg)
New boys: Chadibe North FC will make their Premier League debut PIC: LEATILE MORGAN
Chadibe gained promotion to the elite league two weeks ago after emerging top of the First Division North League. Following the club’s promotion, there were reports that the management is contemplating selling the status of the club due to high costs of running a Premier League team. The club was quick to dismiss the speculations. “We are currently in talks with several potential investors, partners and sponsors who we want to bring on board to help us run the club. What I need to emphasise is that we are not selling the club, but we are open to selling shares and exploring other forms of sponsorship or partnerships to strengthen the financial position of the club,” club spokesperson, Leatile Morgan told MmegiSport yesterday.
“Talks are at a preliminary stage. If there is a notable development, we will communicate accordingly with all our key stakeholders, most notably our supporters, who have been key to our success over the years,” he added. Morgan stated that if the club does not secure sponsorship or partnerships, its survival will primarily depend on funding from the current shareholders and a grant from the Botswana Football League. Since its formation a few years ago, Chadibe has had its three shareholders, Emmanuel Thekiso, Omega Ngwerume and Senzo Nyathi, as the main funders.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...