The team’s co-directors Farai Jere and Twine Phiri are at loggerheads with Jere pushing for an increase in his shareholding to 50% before he can put more money into the club.
Jere, who holds a 25% stake in the club, claims that he is owed about US$800 000 which he has put into the club since 2006. He wants the money to be converted into shares.
The Harare businessman had been paying the CAPS United players as they were on his Shipping Logistics company’s payroll and the team is also operating from his premises in Eastlea.
CAPS United players are usually paid on the 25th of each month. However, since the dispute over shares erupted, Jere has stopped his services to CAPS United resulting in the delays in players accessing their November salaries and winning bonuses for the victories over Blue Ribbon and Shooting Stars.
Jere said that he will only put more resources into CAPS United when this dispute has been settled. “I am being owed a lot of money by the team and until my shareholding is increased to 50%, I will not put more money,” he said.
One senior player who spoke on condition of anonymity said a speedy solution is needed for the problem as players are the ones who are now suffering. “We are still to get our November salaries as well as winning bonuses. For the game against Blue Ribbon we were supposed to get a winning bonus of US$300 and US$150 for the game against Shooting Stars,” said the player.
Some of the players are owed money amounting to US$1 150 from the 2010 season. CAPS United chief executive officer Maxwell Mironga confirmed the delays in paying the salaries and winning bonuses, but said they were working hard in order to give the players their dues.
“This is not a big issue. The players will be paid their salaries and I think by end of the day tomorrow (Saturday) the money will be in their accounts,” Mironga said.
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CAPS United has been an oasis of stability in a league characterised by chaos. CAPS suffered a similar fate of clubs failing to pay their players on time only last month when Jere stopped financing the team.
Jere is being owed in excess of US$800 000 by the club and wants it to be converted into a further 25% shareholding to make him a co-owner of the club.
Phiri told Standardsport that he was negotiating with his partner and once everything has been finalised, the nation will know. “We have always been partners and there are no problems at CAPS United. A solution will be reached soon,” he said.
