Sports / Local
Highlanders FC suffer huge financial losses
08 Nov 2014 at 22:40hrs | Views
HIGHLANDERS made huge losses in their last two Castle Lager Premier Soccer League (PSL) matches against Chicken Inn and Chiredzi at Hartsfield Ground.
The number of supporters who have been attending matches at the stadium has dropped significantly owing to a number of reasons, chiefly poor results and transport costs to the new venue.
Barbourfields, their original home, has been closed for the better part of the season for renovations for the Africa Union Sports Council Region Five Games that will take place in December.
This means a large number of their fans, mostly from their main catchment areas in the western suburbs, need to get into the city centre first before connecting to Hartsfield, twice the cost of getting to Barbourfields.
On Sunday, the club made just $2 821 after 883 fans went through the turnstiles.
However, the club made a huge loss as their total expenses were $4 317,20, leaving the club with a loss of $1 496,20.
Some of the expenses included the Sport and Recreation Commission (SRC) and Zifa were each paid $169,26, ground rental cost $564,20, PSL levy was $191,28, while the Zimbabwe Republic Police got the highest chunk of $1 092.
Against Chicken Inn last week, 1 188 supporters paid to watch the match.
Bosso incurred another loss as the total expenses for the match were $6458,80, while the club made a total of $6 320.
The SRC and Zifa pocketed $379,20 each, $1 264 went to ground rentals, while the PSL received $419,60 with the ZRP, again, getting more at $1 494.
The club made a substantial amount in their home league match against ZPC Kariba.
A total of 3 246 supporters went through the turnstiles which saw the club pocketing about $17 000.
The club expenses added up to $10 910 and they pocketing $6 273.
Club treasurer Jerry Sibanda said they incurred the highest expenses against Chiredzi.
"We are hoping that more people will come in our last league match against Chiredzi. We incurred a lot of expenses especially against Chiredzi. The supporters paid $3, but still we made a loss. We ended up using club funds to pay ground expenses, police and the referees. We don't want a situation where we end up using money from club coffers because the money we get from attendances is low.
"The movement to Hartsfield contributed to us making losses in our games. It is not secure, but as a temporary measure, it was OK," he said.
Bosso chief executive officer Ndumiso Gumede said the move from BF affected the club.
"The movement from BF to Hartsfield was detrimental to our finances. BF had been our favourite hunting area. It was more congenial for our football games. At BF, we could open about 15 gates so that there could be enough gates if there was pressure. But we have had to make do with eight gates.
"Supporters can grow very impatient if they have to queue. But we are grateful to our loyal fans who have sacrificed their monies so that they help us meet our obligations," he said.
Gumede said they made a loss against Chiredzi and they had to pay winning bonuses - the first time they did so since September 28 as they went for six league and cup games without a win.
The number of supporters who have been attending matches at the stadium has dropped significantly owing to a number of reasons, chiefly poor results and transport costs to the new venue.
Barbourfields, their original home, has been closed for the better part of the season for renovations for the Africa Union Sports Council Region Five Games that will take place in December.
This means a large number of their fans, mostly from their main catchment areas in the western suburbs, need to get into the city centre first before connecting to Hartsfield, twice the cost of getting to Barbourfields.
On Sunday, the club made just $2 821 after 883 fans went through the turnstiles.
However, the club made a huge loss as their total expenses were $4 317,20, leaving the club with a loss of $1 496,20.
Some of the expenses included the Sport and Recreation Commission (SRC) and Zifa were each paid $169,26, ground rental cost $564,20, PSL levy was $191,28, while the Zimbabwe Republic Police got the highest chunk of $1 092.
Against Chicken Inn last week, 1 188 supporters paid to watch the match.
Bosso incurred another loss as the total expenses for the match were $6458,80, while the club made a total of $6 320.
The SRC and Zifa pocketed $379,20 each, $1 264 went to ground rentals, while the PSL received $419,60 with the ZRP, again, getting more at $1 494.
The club made a substantial amount in their home league match against ZPC Kariba.
A total of 3 246 supporters went through the turnstiles which saw the club pocketing about $17 000.
The club expenses added up to $10 910 and they pocketing $6 273.
Club treasurer Jerry Sibanda said they incurred the highest expenses against Chiredzi.
"We are hoping that more people will come in our last league match against Chiredzi. We incurred a lot of expenses especially against Chiredzi. The supporters paid $3, but still we made a loss. We ended up using club funds to pay ground expenses, police and the referees. We don't want a situation where we end up using money from club coffers because the money we get from attendances is low.
"The movement to Hartsfield contributed to us making losses in our games. It is not secure, but as a temporary measure, it was OK," he said.
Bosso chief executive officer Ndumiso Gumede said the move from BF affected the club.
"The movement from BF to Hartsfield was detrimental to our finances. BF had been our favourite hunting area. It was more congenial for our football games. At BF, we could open about 15 gates so that there could be enough gates if there was pressure. But we have had to make do with eight gates.
"Supporters can grow very impatient if they have to queue. But we are grateful to our loyal fans who have sacrificed their monies so that they help us meet our obligations," he said.
Gumede said they made a loss against Chiredzi and they had to pay winning bonuses - the first time they did so since September 28 as they went for six league and cup games without a win.
Source - newsday
