HomeSportDeMbare’s US$1,5m headache

DeMbare’s US$1,5m headache

Harare giants attempt to move mountains in Africa

ZIMBABWE’S representative in the CAF Champions League tournament, Dynamos, will attempt to move mountains as they look forward to raising US$1,5 million within the next few weeks.

By Brian Nkiwane

DeMbare were left wanting when their main sponsor BancABC dropped the bombshell that they were not ready to assist them in their participation in the competition despite opening negotiations for a new local league sponsorship deal which is understood to be lucrative this time around.

The competition has a staggering US$1,5 million prize money for the winners.

The Glamour Boys, who in 2008 went as far as the finals of the tournament, have vowed to do anything to raise the much-needed cash to allow them a decent participation in this year’s edition.

Speaking from Mutare on Thursday, Dynamos secretary general Webster Chikengezha opened up and revealed that DeMbare needed US$1,5 million to get to the finals of the competition.

“We have made up our mind that we are going to go it alone. We drew a total budget looking at ourselves going all the way to the finals and that is the amount that we want. The most undoing factor will be travelling where you would be expected to fulfill fixtures in Central and Northern Africa countries, this will be a big challenge,” Chikengezha said.

The soft-spoken football administrator took that opportunity to unveil packages needed at each stage of the competition.

“We need something like US$450 000 for the group stages only where we are expecting to play six matches home and away. After that we will be looking at close to US$600 000 to participate in the mini league stage. This is the most demanding stage as clubs are usually put in groups of four and one club will have to travel in home and away fixtures. That’s where most of Central and Northern African teams come in.

“The remainder then will take care of the semis as well as the finals. I have not talked of funds that will be used to acquire players for the same cause,” he added.

Chikengezha said they had lined up a number of activities that would enable them to raise most of the money.

“We have lined up a number of activities that will see us raising the large chunk of the money which include high profile friendly matches which the coaches will also be using as preparations for the tournament. We need to attract big teams which fans would want to watch at all costs. We have also agreed to identify a consultancy firm that will spearhead fundraising activities which will include musical shows.”

Chikengezha is optimistic that if all this was done in the right manner, DeMbare would go all the way to the finals, as long as they perform well in the field of play.

“If we tie all these loose ends, I think we will prosper. After all this, we will then see what the corporate world has in place for us,” Chikengezha said.

Meanwhile, DeMbare and BancABC have opened negotiations for a new domestic league sponsorship deal which is believed to more be lucrative than before.

“We have agreed on figures. Most of the work has been done and what is left is to put pen to paper,” concluded Chikengezha.


Champions League prize money

First prize US$1 500 000
US$1 000 000 Semi-finalists
3rd in group stage US$500 000
4th in group stage US$400 000

Confederation Cup

Federation share
Winner US$625 000
National association US$35 000
Runner-up US$432 000
National association US$30 000
2nd of each Group US$239 000
Nationalassociation US$25 000
3rd of each Group US$178 000
National association US$20 000
4th of each Group US$150 000
National association US$15 000

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