{"id":65342,"date":"2018-05-17T10:11:00","date_gmt":"2018-05-17T08:11:00","guid":{"rendered":"http:\/\/www.times.mw\/?p=65342"},"modified":"2018-05-17T10:11:01","modified_gmt":"2018-05-17T08:11:01","slug":"karonga-united-in-financial-crisis","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2018\/05\/17\/karonga-united-in-financial-crisis\/","title":{"rendered":"Karonga United in financial crisis"},"content":{"rendered":"<p>Barely weeks after playing five TNM Super League games, Karonga United have disclosed that they are in a financial crisis.<\/p>\n<p>Karonga Chairperson, Alufeyo Chipanga Banda, confirmed the development, saying the team needs K15 million to meet its first-round expenses.<\/p>\n<p>In view of the financial problems, Banda said they organised a fundraising friendly on Sunday against Tanzania-based Boma Stars. The game grossed K565,000 at Karonga Stadium.<\/p>\n<p>\u201cBut we are still asking well-wishers to assist us because we don\u2019t have a sponsor. We need K15 million in the first-round to meet operation costs,\u201d Banda said.<\/p>\n<p>He said the team has K5 million in its bank account, an amount which is below the club\u2019s budget.<\/p>\n<p>Banda assured prospective sponsors that the team was ready to abide by any pre-conditions for financial support.<\/p>\n<p>\u201cWith our current performance in the league, we are optimistic that we will survive relegation this season but our major setback is lack of sponsorship,\u201d he said.<\/p>\n<p>Karonga are on position 10 with five points from five games on the league\u2019s log table.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barely weeks after playing five TNM Super League games, Karonga United have disclosed that they are in a financial crisis. Karonga Chairperson, Alufeyo Chipanga Banda, confirmed the development, saying the team needs K15 million to meet its first-round expenses. In view of the financial problems, Banda said they organised a fundraising friendly on Sunday against [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":55999,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-65342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/65342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=65342"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/65342\/revisions"}],"predecessor-version":[{"id":65344,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/65342\/revisions\/65344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/55999"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=65342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=65342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=65342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}