HIGHLANDERS debts spiralled to $651 901 at the end of last season after the former Premiership champions made a $65 657 net loss.
This was revealed by club chairman Peter Dube at the Annual General Meeting (AGM) that took almost the whole day at their club house in North End suburb in Bulawayo on Sunday.
Highlanders, though, realised $75 000 after they sold striker Cleopas Dube ($30 000) to Witbank Spurs and left back Khumbulani Banda ($45 000) to South Africa Absa Premiership side Maritzburg United last season.
Former coach Mkhuphali Masuku, now at Harare City, wrote off $6110 owed to him by the club and was thanked by the club members.
Bosso realised $99 932 in gate takings down from the previous year’s $112 467, mainly due to poor results and a move from their traditional Barbourfields home ground to the smaller Hartsfield. They did not reach the Chibuku Super Cup final or the One Wallet Cup, but played only three finals against Dynamos.
Barbourfields was closed for almost the whole of last year for renovations for the Africa Union Sports Council (AUSC) Region Five Games.
With sponsorship from BancABC reduced by a further 43 percent this season, Highlanders can expect an increase in their overall debts if they do not find alternative means of raising extra revenue.
Highlanders are also expected to take delivery of a bus from South Africa next week that was bought by the prize money they received when they lost to Dynamos in the final of the Bob90 Super Cup. Bosso have been concerned about transport costs and only have a 26-seater bus.
The other bigger bus is still being held by Nyaradzo Funeral Services in Harare as they await completion of formalities, which have taken almost a year.
On Sunday, the Highlanders membership said they could not bank on Nyaradzo bus as the company’s managing director Webster Chikengezha is the secretary-general of their perennial rivals Dynamos and they felt there was a deliberate ploy to delay the release of the bus.
Club benefactor Tshinga Dube said he had topped up the prize money from the Bob90 Super Cup to buy a bigger bus befitting the status of the country’s second biggest club.
On the issue of new coach Bongani Mafu, Tshinga said he preferred a foreign coach and was prepared to pay his salary and had acquired accommodation for him in the low density suburb of Sunningdale.Advertisement
Mafu signed a one year deal to replace Kelvin Kaindu, who is now at Triangle.