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FKF Premier League hit by financial crisis
Kariobangi Sharks’ Vincent Likare (left) dribbles past Ezekiel Nganga of Administration Police in a past match. Kariobangi Sharks play in the FKF Premier League, which is facing a financial crisis. FILE PHOTO | NATION MEDIA GROUP
What you need to know:
- Curiously, this development comes barely four months since the national football body unveiled a three-year broadcast rights deal between Tanzanian firm Azam TV and the clubs in the competition worth about Sh202 million.
- The local FA was under the terms of this arrangement required to remit a monthly grant of Sh1 million to each of the 18 participating clubs, an amount that is Sh300,000 more than what teams in the top-tier competition are earning from the Kenyan Premier League Limited.
An acute cash flow hitch is fast sweeping through the Football Kenya Federation (FKF) Premier League, Daily Nation Sport has established.
Curiously, this development comes barely four months since the national football body unveiled a three-year broadcast rights deal between Tanzanian firm Azam TV and the clubs in the competition worth about Sh202 million.
The local FA was under the terms of this arrangement required to remit a monthly grant of Sh1 million to each of the 18 participating clubs, an amount that is Sh300,000 more than what teams in the top-tier competition are earning from the Kenyan Premier League Limited.
But none of the clubs in the league received the monies in May. Worse still, other clubs are owed upto three months’ in arrears.
Also yet to be disbursed is a separate amount totalling Sh2 million each month meant for payment of referees and other “facilitation”.
“There are no signs that more monies are forthcoming. We are really worried,” West Kenya Sugar CEO Fred Wakhisi told Daily Nation Sport.
“We are satisfied by the standards of officiating and competition this season, but the lack of money (grants) could undo all this gains we have made in the past few months,” Zoo FC coach Ken Ochieng’ added.
