CLUBS IN OVER E1 MILLION HEADACHE

25
CLUBS IN OVER E1 MILLION HEADACHE
CLUBS IN OVER E1 MILLION HEADACHE

Africa-Press – Eswatini. THE Premier League of Eswatini (PLE) is owed in excess of a million Emalangeni in fines and loan advances to teams following the conclusion of the 2021/22 season.

According to a source close to the matter, the PLE is yet to recoup the astronomical fees from teams as they prepare to distribute the end of season prizes.

“Premier League teams owe over a million Emalangeni whilst National First Division clubs owe hundreds of thousands Emalangeni and this money accrued from fines as well as loans. Most clubs were using gate-collections to repay the debts but over the past two years the teams were struggling to pay because there were no fans after being banned from stadiums.

The PLE has requested clubs to come forward and make arrangements or proposals on how they preferred to pay the outstanding debts. They have opened the door for clubs to make offers, rather than wait for the association to deduct from the packages without negotiations,” said the source.

The source further revealed that only four Premier League clubs had an arrangement with the PLE on how to repay their debts, while from the NFD only three teams had made similar arrangements.

PLE Chief Executive Officer Kenneth Makhanya politely declined to comment on figures but confirmed that teams owed the PLE certain funds.

“I can confirm that PLE clubs owe the organisation and they are in the process of settling the debts. All teams have pledged to pay their debts with the PLE,” he said. Makhanya went on to urge fans to desist from engaging in activities that placed their teams in such predicament.

“I would like to urge fans to stop such behaviour, which cost teams huge sums of money at the end of the season.

This really cripples the teams financially, therefore, I urge fans to behave responsibly to avoid such fines in the future,” he said.

For More News And Analysis About Eswatini Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here