Debt ridden BFA freeze payments
Mqondisi Dube | Friday August 19, 2016 15:04
BFA’s second vice president, Marshlow Motlogelwa, who was in the previous committee, presented a gloomy picture when he told delegates at Saturday’s general assembly that the association had closed the year P5.1million in debt. But in total, the BFA is P10 million in the red as it battles to pay suppliers. The BFA has frozen payments as the new committee assesses the situation. “We have lost sponsorship fund and ordinarily, that will leave us with a deficit, more so that the national team was active. In addition, there are court cases pending and there is a provision in the budget, in case we lose,” BFA chief executive officer, Kitso Kemoeng said.
Regarding freezing payments, Kemoeng said it is only fair for the new committee to satisfy itself that there is financial discipline.
“It is only fair that they take prudent measures to manage the situation,” Kemoeng said.
Eyes will firmly be on Letshwiti who has promised a quick turn around. The national executive committee (NEC) meets tomorrow for its first gathering since election over the weekend. “Letshwiti has discovered that the task is steeper than initially thought. The association is bankrupt,” a source said. There are reports of misappropriation of funds but a forensic audit might prove prohibitive.
Meanwhile, Tebogo Sebego might be in line for a return to BFA, through one of the committees, formerly the Statutes Committee, if he is amiable to the idea.
But the future looks bleak for Botswana Premier League (BPL) chief executive officer, Bennett Mamelodi as the new committee introduces sweeping changes.
Mamelodi was only reinstated recently but now faces a certain exit.