FDH Bank has terminated its relationship with the Football Association of Malawi amid a blame game over mismanagement of gate collections in a cup match involving rivals Big Bullets and Wanderers.
The contending parties are conflicting on who was at fault in a case in which funds amounting to K4.7 allegedly were unaccounted for in the Airtel Top 8 semifinal match played on 16 June in the Malawian capital, Lilongwe
In reaction, the bank says it has decided to end its romance with the FA to safeguard its integrity. FDH has also stopped collecting gate fees during football matches organised by FAM.
This follows an emergency meeting the warring parties had on 26 June to come to a consensus on the matter.
The bank alleges that on the day of the incident its cashiers were not given ample time to balance and reconcile match tickets against cash they collected.
It further claims that the cashiers were forced into handing over the process to officials of the Bullets and Wanderers under very ‘intimidating and unsecure circumstances’.
In a statement released today, FDH Bank wonders why football officials in the country want to run the game the old way by ignoring international standards in the process.
The Malawi FA is yet to comment on the matter.
This development, however, is very much likely to threaten prospective partners and sponsors including Airtel itself, whose official three-year sponsorship of the Top 8 cup comes to an end next year.