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FAM bails out National Youth League after FCB temporal sponsorship recusal

The National Youth League has breathed a new lease of life following Football Association of Malawi’s decision to bail it out amidst First Capital Bank’s 2020 season league sponsorship recusal.

FCB temporarily pulled out its U-20 Youth League sponsorship due to the economic impact caused by global health Covid-19 pandemic.

On Thursday, FAM President Walter Nyamilandu told the press that through the FA’s Covid-19 Relief 2nd Phase, National Youth Association has been allocated over 41 million kwacha.

Nyamilandu said the funds will go towards governance and Operations from which some of the funds will be used to run the National Youth League which will have no sponsor by the time football resumes in the country.

“We have allocated MK41, 250, 000 to National Youth Football Association because part of the money will be used to run the National Youth League which has no sponsor since the main sponsor temporarily pulled out due to Covid-19 pandemic.

“NYFA is the country’s football lifeline and wouldn’t want to find ourselves in a situation where we have nothing for the Youth League”.

This will therefore, cushion their financial problems as they await for their sponsor to resume sponsoring the league,” Nyamilandu told the media.

FIFA approved USD 1, 500, 000 to all the 211 Member Associations to fund restart the football season, suspended due to Covid-19, with USD500 000 specifically affiliated to womens football.

Apart from receiving FIFA’s USD 1.5 million , FAM has also accessed USD 300 000 from CAF which falls under the Covid-19 Relief Plan designed to cushion the financial impact of the pandemic to member Associations.

Out of the USD 1.8 million, the country’s FA has didtributed MK1, 350, 000, 000 to all football clubs across various leagues and governing bodies ahead of next month’s 2020/21 season kickoff.

The remaining USD 500,000 from FIFA shall be credited to FAM in January 2021. In March this year, all sports activities were suspended due to Covid-19 which affected over 5000 people and killed 179 fatalities.

Government lifted the ban early last month following the significant drop in covid-19 new infections and fatalities.

1 Comment

1 Comment

  1. Fortune Wycliffe Chigaga

    October 4, 2020 at 12:25 am

    This is the way to go if we want to develop football in our country big up FAM

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