- 80 million to Super League Clubs
- K20 million for Sulom to set up secretariat
- K5 million starter pack for Regional League champions.
- K10 for Regional FA’ to set up secretariats
- K5 million for Regional Leagues Operations
- K5 million for Regional Leagues Football Equipment
The Football Association of Malawi on Monday unbundled the special sponsorship grants to the Super League and three Regional Associations which will target the professionalisation of the four bodies and enhancing their competitions.
At its third meeting of 2022 last December the FAM Executive Committee approved the allocation of special Sponsorship grants of K100 million to the Super League and K25 million each of the three Regional Associations.
The FAM Execo. appointed a special task force led by Vice President Justice Jabbar Alide to come up with guidelines on how these funds should be distributed and accessed.
Speaking at Press Conference on Monday when he presented the Task Force Blue Print on FAM Financial Support and Grants Alide said that 80 percent of the Super League grant should go towards Clubs Financial Assistance with the remaing 20 percent eye-marked for Super League of Malawi professionalisation and League operations.
Sulom will get K20 million for professionalisation of the League by among other things setting up a secretariat and employing a CEO and finance personnel.
For Regional Associations, the K25 million package will be broken down into four expenditure lines with the Association getting K10 million for professionalisation where just like the Super League they are supposed to set up secretariats.
Regional Premier Division League Champions will be getting K5 million starter pack as they prepare for new life in the Super League. The remaining 10 million will be split equally between the Regional Leagues operations and purchase of football equipment.
The Task Force also highlighted the financial support that FAM will continue to give to all Member Associations in form of annual subventions at K10 million each and technical development programs.
Alide said the financial support as per the new budget approach will be managed on comply and access basis.
“Just like FAM undergoes a comply and access process to secure funding from FIFA, the Member Associations will be required to comply with the FAM Regulations on Financial Support to access their allocations.
“Member Association will be required to initiate the funding application process by fulfilling several conditions.
“The principle to underline that this is not Free money that should be used willy nilly . For this financial support to make great impact there is need for continued f oversight to ensure that all funds are used responsibly and more reason why FAM come up with a well design governance system to guide the access, use and accountability of these resources
“I am therefore calling upon our MAs to ensure they do thorough work in the application and reconciliation of the funds provided to ensure they maximise the utilisation of their allocations.
“FAM shall remain attentive and available to assist its MA’s, particularly in the implementation of the financial support through the Finance and Administration Committee s, in order to ensure that the financial support respond to the specific objectives of football development withing the MAs,” said Alide.
According to Alide, the funds will be disbursed to member Associations in two instalments: first instalment between February and June upon fulfilment of pre access requirements and second instalment between July and December upon fulfilment of the set conditions.
Among the conditions to be fulfilled by Mas when applying for funding are Submissions of a Proof of a current bank account held in the name of the MA with designated signature arrangements of Chairperson, Treasurer and General Secretary at minimum; Application form signed by two members (Chairman and General Secretary/treasurer) clearly detailing usage of funds and the value add to the development the game of football in Malawi; Signed minutes of Executive meeting detailing agreed usage of funds; List of affiliated members of the Member Association; and proof that the Member Association and its membership have fully implemented FAM mandatory Football management online platforms (as applicable).