{"id":62368,"date":"2023-12-12T16:22:02","date_gmt":"2023-12-12T16:22:02","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=62368"},"modified":"2023-12-12T15:07:07","modified_gmt":"2023-12-12T15:07:07","slug":"bul-eyeing-player-sales-to-pull-away-from-temporary-comfort","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort","title":{"rendered":"Bul eyeing player sales to pull away from \u2018temporary\u2019 comfort"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Bul\u2019s financial muscle fits them among the top three clubs in the StarTimes Uganda Premier League behind Vipers and KCCA.<\/b><\/p>\n

But, just like most football clubs in the country, Bul barely make any meaningful profits, and only rely on Bul Bidco – the cooking oil company.<\/p>\n

The club management has picked some lessons from the fall of clubs that operated under similar models with a healthy financier in the past but went under.<\/p>\n

Bidco\u2019s comfort<\/p>\n

There are four models that define football clubs; privately-owned, community, hybrid and institutional clubs.<\/p>\n

Bul fall under the latter as they are associated with their chief financiers – Bidco Uganda, with Ronald Barente and Yesho Titus registered as the guarantors.<\/p>\n

Bul chairman, Barente, feels the club is comfortable at the moment but is aware of the uncertainty that the future can throw at them.<\/p>\n

\u201cWe\u2019re doing well at the moment,\u201d he told, \u201cbut I always tell my people to plan for the future because the company may not support the club forever.\u201d<\/p>\n

Previously, giants like Nile, Nytil and Tobacco shook the country from Jinja but quickly disappeared when their mother companies\u2019 businesses struggled or changed their community-social-responsibility (CSR) strategy.<\/p>\n

Bidco provides almost 100 per cent of the club budget with about Shs1.6b annually. That figure hit the Shs2b-mark when they went to the continent last season.<\/p>\n

Big spenders<\/b><\/p>\n

Bul have budgeted to spend about Shs1.6b this season, a decrease by shs400m from what they spent last season while honouring the Caf Confederations Cup.<\/p>\n

The club spend about Shs648m to pay the salaries of 54 staff members, including 35 players who earn between Shs500,000 to Shs1.5m per month.<\/p>\n

They spend about Shs45m a month transporting players for breakfast, then to the training ground, lunch and back home on a daily basis. Each of the five to six daily trips costs the club about Shs96,000.<\/p>\n

Additionally, the club spend about Shs17,000 for breakfast for each of their 45 playing, coaching other staff involved in training sessions.<\/p>\n

Normal away matches to Kampala and the central region cost the Jinja club about Shs800,000 on transport but could balloon to Shs5m and Shs7m for trips to Mbarara and Arua.<\/p>\n

In those trips, each player that is named on the team sheet is entitled to Shs40,000 for match day allowance and Shs50,000 for the technical team. On top of that, the club reserve about Shs10m for every win in official competitions.<\/p>\n

Each player named on the team sheet averagely receives about Shs200,000 as winning bonus, while the coaches get almost double the amount depending on their contractual terms.<\/p>\n

Alternative taps<\/b><\/p>\n

Clearly, Bul\u2019s budget is among the top three but Barente acknowledges that the only way to secure the future of the club is by reducing its heavy reliance on Bidco.<\/p>\n

Under his first four-year term, the club have started reaping from their investments by winning silverware \u2013 two Fufa Junior League trophies (2019 and 2023) and a Uganda Cup in the 2021\/22 season.<\/p>\n

That has grown their fanbase but their meagre Shs15m collections and Shs8m from the sale of merchandise shows there\u2019s more work to do.<\/p>\n

Their best-attended games against Villa and Vipers earned the club Shs3m and Shs2.5m, respectively.<\/p>\n

Bul have not sold a single player despite churning out some top talents from their junior structures.<\/p>\n

However, Barente believes that should be their main revenue source in the coming years.<\/p>\n

\u201cWe need to diversify and find more money so that the club can be able to generate its own revenues to fund the budget,\u201d he acknowledged.<\/p>\n

\u201cWe\u2019re looking at more sponsors to come on board but are focusing more on player sales to Europe.<\/p>\n

The club transferred, arguably, their best product Simon Oketch to Ethiopian Insurance on a free transfer. They wanted to build bridges for more in the future.<\/p>\n

\u201cWe let Simon go because we wanted to make a relationship with the agents. We\u2019re now targeting the European market for big sales for our youth team project,\u201d Barente explained.<\/p>\n

This paper understands that the player signed a monthly salary of $4,000 (Shs14.8m).<\/p>\n

Search for a permanent home<\/b><\/p>\n

The club have set targets to own their own home in their long-term strategy. That is partly fueled by the cost of hiring a facility for their matches.<\/p>\n

The edible oil makers currently pay Shs5m to use the Fufa Technical Centre in Njeru for official matches each season. They pay an additional Shs100,000 for each training session and Shs300,000 for a friendly match.<\/p>\n

That figure sky-rocketed to a shocking Shs98m to hire St. Mary\u2019s Stadium in Kitende for their 2022\/23 Caf Confederation Cup preliminary round home leg encounter against Future FC last year.<\/p>\n

\u201cWe paid Shs98m to use the pitch and dressing room for only 90 minutes,\u201d Barente revealed, \u201cthis is partly because of the monopoly but that\u2019s football business.<\/p>\n

\u201cWe\u2019re also looking to own a future facility to generate money besides hosting our games.\u201d<\/p>\n

Bul had a five-year deal to use Bugembe Stadium but decided to shift after the organisers hosted a music concert that left the pitch in a deplorable state despite the company burying over shs50m to upgrade the facility.<\/p>\n

Structure of Bul FC <\/b>
\nBoard and administration<\/b><\/p>\n

Board chairperson – Ronald Barente<\/p>\n

Vice chairperson – Martin Ociiti<\/p>\n

Treasurer \u2013 Fred Kayuyo<\/p>\n

Committee Members \u2013 Ceasar Dale, Phiona Asiimwe, Ronald Sudili Patrick<\/p>\n

Chief Executive Officer \u2013 Joseph Mutaka<\/p>\n

Coaching<\/b><\/p>\n

Head coach \u2013 Abbey Bogere Kikomeko<\/p>\n

Assistant coaches – Simeon Masaba & James Magala<\/p>\n

Bul\u2019s total costs in 2022\/23: Shs2b<\/p>\n

\u2022 Domestic costs: Shs1.6b<\/p>\n

\u2022 Foreign costs: Shs500m<\/p>\n

Proposed 2023\/24 Budget: Shs1.6b (Competing only domestically this season)<\/p>\n

Breakdown of costs in the previous season<\/b><\/p>\n

Meals (daily breakfast and lunch for 45 staff): Shs23m per month<\/p>\n

Transport facilitation per season: Up to Shs260m<\/p>\n

\u2022 Different pick-up and drop-off points of players of up to 6 trips per day: Shs96,000 x 5 = Shs480,000<\/p>\n

Away match transport and match day costs (includes meals and accommodation)<\/p>\n

\u2022 Arua: Shs15m<\/p>\n

\u2022 Mbarara: Shs11m<\/p>\n

\u2022 Kampala\/Central: Shs3m<\/p>\n

Match day budget<\/b><\/p>\n

\u2022 Allowances: Shs4.5m (Shs50,000 & Shs40,000 for technical team & players respectively)<\/p>\n

\u2022 Winning bonus: Shs10m (First 18 players Shs200,000, remaining players shs100,000. Coaches not revealed)<\/p>\n

Stadium hire (Fufa Technical Centre, Njeru)<\/p>\n

\u2022 Official matches: Shs5m per season<\/p>\n

\u2022 Friendly match: Shs300,000 per match<\/p>\n

\u2022 Training: Shs100,000 per session<\/p>\n

\u2022 Maintenance: Club costs as and when need be<\/p>\n

Salaries<\/b><\/p>\n

Total monthly salaries: shs54m per month<\/p>\n

\u2022 Lowest: Shs500,000 for junior team graduates & Shs800,000 for senior team players<\/p>\n

\u2022 Highest: Shs1.5m for players<\/p>\n

\u2022 Coaches: Not revealed<\/p>\n

\u2022 Total no of players: 35<\/p>\n

\u2022 Total no of staff: 54<\/p>\n

Expenditure for Caf Confederations Cup vs Future FC<\/p>\n

Total expenditure: Shs300m (excluding Fufa\u2019s ticket offer)<\/p>\n

Home match<\/b><\/p>\n

\u2022 Stadium hire (Kitende): Shs98m<\/p>\n

\u2022 Revenue from match: Shs10m<\/p>\n

Leader of delegation\/referees<\/p>\n

\u2022 Allowances and ticket were paid for by Fufa<\/p>\n

\u2022 Accommodation: $600 (approx. Shs2.2m)<\/p>\n

\u2022 Referees entourage, allowances and accommodation: $9,550 (Shs35.34m)<\/p>\n

\u2022 Lead car and transport for match commissioner: Shs1.5m<\/p>\n

\u2022 Leader of delegation transportation: Shs715,000<\/p>\n

\u2022 Away team transport (Fufa bus): Shs1.5m fuel<\/p>\n

Away Match in Cairo, Egypt<\/b><\/p>\n

\u2022 Return air tickets: approx. Shs3.7m ($1,000) per ticket x 25 staff = Shs92.5m (Fufa catered)<\/p>\n

\u2022 Extra cost due to stopover in Addis Ababa, Ethiopia: $219 x 25 staff = $5,475 (approx. Shs20.3m)<\/p>\n

\u2022 Accommodation: $12,500 (5 nights including the match commissioner) approx. Shs46.2m<\/p>\n

\u2022 Visas: Shs250,000 x 25 staff = Shs6.25m<\/p>\n

\u2022 Allowances: $200 x 18 players = $3,600 (approx. Shs13.3m)<\/p>\n

\u2022 Coaches allowances: Not revealed<\/p>\n

Source of funding for the Shs2b in 2022\/23<\/p>\n

\u2022 Bidco Uganda Limited: Shs1.6bn<\/p>\n

\u2022 Gate Collections: Shs15m (biggest match Bul vs Villa: Shs3m and Bul vs Vipers: Shs2.5m)<\/p>\n

\u2022 Shirts sales: Shs8m<\/p>\n

\u2022 League sponsorship (StarTimes): Shs95m<\/p>\n

\u2022 Pay-by-rank prize: Shs7m<\/p>\n

\u2022 Uganda Cup prize (2022\/23 season): Shs50m<\/p>\n

\u2022 Player sales: Nil<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Bul\u2019s financial muscle fits them among the top three clubs in the StarTimes Uganda Premier League behind Vipers and KCCA. But, just like most football clubs in the country, Bul barely make any meaningful profits, and only rely on Bul Bidco – the cooking oil company. The club management has picked some […]<\/p>\n","protected":false},"author":84,"featured_media":62367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[233,240,234],"class_list":["post-62368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBul eyeing player sales to pull away from \u2018temporary\u2019 comfort - Uganda<\/title>\n<meta name=\"description\" content=\"Bul\u2019s financial muscle fits them among the top three clubs in the StarTimes Uganda Premier League behind Vipers and K ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bul eyeing player sales to pull away from \u2018temporary\u2019 comfort\" \/>\n<meta property=\"og:description\" content=\"Bul\u2019s financial muscle fits them among the top three clubs in the StarTimes Uganda Premier League behind Vipers and K ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-12T16:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702380849.337395.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bul eyeing player sales to pull away from \u2018temporary\u2019 comfort\",\"datePublished\":\"2023-12-12T16:22:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\"},\"wordCount\":1303,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/12\/sm_1702380849.337395.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"sport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bul-eyeing-player-sales-to-pull-away-from-temporary-comfort\",\"name\":\"Bul eyeing player sales to pull away from \u2018temporary\u2019 comfort - 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