Sports / Soccer
Dynamos plunged into financial problems
08 Aug 2013 at 23:33hrs | Views
Dynamos have revealed that they have been plunged into financial problems torched by Zimbabwe's congested African Nations Championships qualifying commitments that have left them without any revenue from the stalled Premier Soccer League programme. Dynamos, like most of the top-flight teams, rely heavily on revenue generated from the turnstiles.
Although the Premiership champions have a sponsorship deal with financial institution BancABC, which caters for the players' salaries, their daily operations are funded from the revenue they make whenever they play at home.
But with a congested international fixture programme involving the Warriors taking its toll on the domestic Premiership, Dembare and their rivals have been left in limbo.
Dynamos chairman Kenny Mubaiwa said yesterday that they felt disenfranchised by the disruption to the domestic fixtures.
Mubaiwa said apart from the financial burden which the disruption had caused, their inactivity could also "negatively impact on the team's rhythm and our plans to defend the league and cup titles".
"We are an industry and with this inactivity it is as good as if we have been laid off.
"It is not a secret that we survive on gate takings and without matches, especially the home games, we are basically doomed because it grounds our operations. We want the national team to progress but we believe that a workable solution has to be found that ensures that we do not find ourselves in a situation similar to the one that we are experiencing. It has to be synchronised so that we have a win-win situation," Mubaiwa said.
Dynamos were last at home against Buffaloes on July 14 before travelling to Kadoma to face Black Rhinos at Rimuka on July 21 for their last fixture before the Warriors' Chan assignments took centre stage.
Lack of Premiership action has similarly affected teams such as Bulawayo giants Highlanders, DeMbare's bitter city rivals CAPS United as well as Motor Action, Monomotapa and Tripple B that have been reeling under severe financial stress.
Although the Premiership champions have a sponsorship deal with financial institution BancABC, which caters for the players' salaries, their daily operations are funded from the revenue they make whenever they play at home.
But with a congested international fixture programme involving the Warriors taking its toll on the domestic Premiership, Dembare and their rivals have been left in limbo.
Dynamos chairman Kenny Mubaiwa said yesterday that they felt disenfranchised by the disruption to the domestic fixtures.
Mubaiwa said apart from the financial burden which the disruption had caused, their inactivity could also "negatively impact on the team's rhythm and our plans to defend the league and cup titles".
"We are an industry and with this inactivity it is as good as if we have been laid off.
"It is not a secret that we survive on gate takings and without matches, especially the home games, we are basically doomed because it grounds our operations. We want the national team to progress but we believe that a workable solution has to be found that ensures that we do not find ourselves in a situation similar to the one that we are experiencing. It has to be synchronised so that we have a win-win situation," Mubaiwa said.
Dynamos were last at home against Buffaloes on July 14 before travelling to Kadoma to face Black Rhinos at Rimuka on July 21 for their last fixture before the Warriors' Chan assignments took centre stage.
Lack of Premiership action has similarly affected teams such as Bulawayo giants Highlanders, DeMbare's bitter city rivals CAPS United as well as Motor Action, Monomotapa and Tripple B that have been reeling under severe financial stress.
Source - herald
