AFC Leopards chairman Dr. Dan Shikanda has assured of better and long term solutions for the cash strapped club once the current troubles, caused by the withdrawal of their sponsors, are surmounted.
The club has been going through a myriad of problems occasioned by financial constraints and a raft of measures, to aid raise funds have been initiated, which Dr. Shikanda says are just a quick fix.
The club is planning a fundraiser at the end of October, while fans have also been asked to contribute through a Paybill number as a number of leaders associated with the club have also been chipping in to keep the unit intact.
Speaking to the club’s media, Shikanda said the future of the club, as far as financial stability is concerned, rests on membership subscriptions, e-ticketing, sale of merchandise and generally transforming it into a viable business.
“We are looking at a situation where if we can get a lump sum of money and settle players’ uncertainty, we can actually build up from there.
“The sustainability of this club remains with the membership drive, e-ticketing, merchandise and coming up with business investments so that the club can stay afloat,” he said.
Shikanda further noted that among the main reasons the club finds itself in a pit, is a huge debt accumulated from the previous leadership, under Dan Mule.
“Our deficits are crazy; I can give an estimate as the treasury works on the figures. Remember we inherited a lot of debts…approximately, we are looking at 15 million. Our wage bill only is about 4.2m a month, looking at the players we have and their quality.
“The SportPesa sponsorship was only for paying salaries and we had to go into our pockets to ensure other logistics were met,” he added.
With an assurance of a leak-free structure of managing the finances, Shikanda called on members, stakeholders and general well wishers to step in and help the team.
The club is set to hold a fundraiser at Crowne Plaza Hotel on Thursday 31 October starting 6pm EAT.