The Football Association of Malawi (FAM) would like to report that the match between Malawi and Egypt played on Tuesday 28th March 2023 at Bingu National Stadium grossed MK76.4 million in gate revenue. Total direct expenses amounted to MK17.1 million and net income was MK59.2 million.
The table below provides a summarised overview of the total revenue and expenses for the match.
It is pleasing to note that the MWK76.4 million realized is the highest in the history of football in Malawi. MK65.4 million, representing 86% was realized from advance ticket sales while MK11.0 million was realized on matchday. This is a positive indication that our commercialization efforts of enhancing e–ticketing are bearing fruits.
Regrettably, ugly scenes and security challenges compromised revenue projections. We thank Malawi Police Service and other private security service providers for professionally managing the situation which made sure that no life and property was lost or damaged.
Vote of Thanks
FAM would like to extend profound gratitude to the Malawi government through the Ministry of Youth and Sports led by Honorouble Uchizi Mkandawire, MP for continued government funding and support towards the national team.
Finally, we thank our sponsors and partners; FDH Bank, Rab Processors Ltd, and Medical Aid Society of Malawi (MASM) for their unwavering support.