Sports / Local
Highlanders collapse imminent- top official says
22 Jul 2016 at 09:24hrs | Views
Highlanders FC could collapse anytime due to staggering debt which is close to $1 million, a top official has revealed.
"We are approaching probably the $1 million mark in terms of our debt but the attitude of our members is that we the administrators are there to deal with the debt" club board chairman Mgcini Nkolomi is quoted saying by B-Metro
He dropped the bombshell. "This club could wind up anytime if our members are not serious about the debt.
"Highlanders is a mass market brand but has always survived on the benevolence of a few benefactors and we are saying its time our members came to the party to save the club".
Club finance chairman for the board Davis Ndumiso Sibanda said the financial problems has reach crisis level.
"We are approaching probably the $1 million mark in terms of our debt but the attitude of our members is that we the administrators are there to deal with the debt" club board chairman Mgcini Nkolomi is quoted saying by B-Metro
"Highlanders is a mass market brand but has always survived on the benevolence of a few benefactors and we are saying its time our members came to the party to save the club".
Club finance chairman for the board Davis Ndumiso Sibanda said the financial problems has reach crisis level.
Source - B-Metro
