Chiefs refute reports on unpaid salaries
Friday, May 05, 2023 | 230 Views |
Long walk: Chiefs say players are paid on time PIC: MORERI SEJAKGOMO
Reports reaching Mmegi Sport are that the club is still struggling to pay salaries despite securing a sponsorship deal with DC Tours and Travel. In February, Chiefs signed a 10-year sponsorship deal with DC Tours worth a massive P68 million.
As per the agreement, DC Tours will pour P6.8 million into Chiefs' coffers every season. During Magosi's general assembly last month, the club told the membership that DC Tours is entitled to 86.5% of the commercial rights associated with the club.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...