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Dynamos lose name, logo over $5,000 debt
05/04/2013 00:00:00
by Sports Reporter
 
 
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DYNAMOS officials were scrambling on Friday to clear a US$4,900 debt after a court ordered the club to stop using its name and logo.

Cyprus-registered Qotho Finance targeted the club’s trademarked name and logo for attachment after deciding that the Zimbabwe champions were too poor.

Dynamos were ordered by a magistrate to pay Qotho Finance the outstanding amount in July last year, but the club failed to settle the debt.

The Herald newspaper reported Friday that a notice of attachment by the Messenger of Court said the club was “forthwith prohibited from utilising trademark no 1579/2000 in any way”.

In his letter to the Messenger of Court seeking enforcement of the judgment, Qotho Finance director Lyndon Miles said: “We are aware that it (Dynamos) has a trademark registration for the name Dynamos, registered with the Registrar of Trademarks, Harare.

“We hereby request that you confirm that you will, as now requested by us, attach the above trade mark registration in execution of the claims we have against Dynamos FC.

The company secured a writ of execution against the trademark on March 13, 2013.
 
Should Dynamos fail to pay the outstanding debt, their name and logo could be sold at an auction.
 
Dynamos secretary Chris Kasiyazi said they hoped to settle the debt by next Monday.
 
“We have been given 48 hours to address this issue and it lapses on Monday,” he told the Herald.

“If they are to enforce the judgment, it will have to start on Tuesday after the 48 hours elapse. The issue is being attended to and our officers should have resolved it by Monday.”



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