Jere back at Caps United

FARAI Jere has bounced back at Caps United, ending two years in the wilderness.

DANIEL NHAKANISO

The Harare businessman severed ties with the team in November 2012 over alleged differences with club owner Twine Phiri.

In a statement yesterday, Caps United said Jere, who was the club’s vice-president when he took the break, had remained a shareholder at the Green Machine.

“There has been speculation regarding the ownership, control and management of Caps United Football Club.

“Caps United Football Club is owned by, and is the sole asset of its holding company. 75% of the shareholding therein is beneficially held by Twine Ibrahim Phiri through Twine Con Industrial Air (Private) Limited,” a statement read.

“The remaining 25% is beneficially held by Farai Jere through Automats Investments (Private) Limited. This has been the position since February 2007.”

Caps also stated that Jere’s reinstatement to the Caps board was with immediate effect. The board was appointed in December last year to turn around the fortunes of the club.

“Farai Jere, who has not played an active role in Caps United for a year, has with effect from the 13th April 2014, rejoined the Caps United Board. Mr Jere rejoins the Board as a non-executive director,” the statement further read.

“Farai Jere, for the avoidance of doubt, has never ceased to be the beneficial owner of 25% in Caps United’s holding company. The Board is acutely aware of the need to timeously and adequately inform the broader Caps United family and the public of developments at Caps United.

“A full disclosure of the turnaround strategy, business plan, three-year plan, management and control as well as the funding requirements and strategy will be made in short course only to the extent that it is consistent with the basic tenets of corporate governance.

“The broader Caps United family and stakeholders are urged to exercise extreme patience and restraint as the Board seeks to turn around the fortunes of the Green Machine.

“Speculation, conjecture and communication other than from the Board may harm the vision and ongoing deliberations with various stakeholders.”

The Caps United board is chaired by Phiri, who is also the Premier Soccer League chairman, while Joe Makuvire is the chief executive officer.

Advocate Lewis Uriri, a well known figure in local football circles, is in charge of the secretariat, while Tutisani Nhamo holds the marketing, branding and public relations portfolio.

Khumbulani Mhlophe is in charge of the commercial interests of the club while Alex Munyaka is the board member responsible for internal stakeholders.

Medical practitioner Mordecai Sachikonye and Munyaradzi Mazhande are in charge of sporting activities and systems respectively.

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13 Comments

  1. mhofu yemukomana

    Good for the Green Machine to have Mr Farai Jere back. Hope the good times roll again at Caps United. By the way, thank you to the boys and coaching staff for a well deserved victory over Harare City. March on Green Machine, we are solidly behind you. This year is ours.

  2. it is proper that you sit on the board since you own 25% (49%-51% in reality) but DONT give them your money without proper documents , with lawyers stamps and plenty witnesses, unodyiwa mari mahara

  3. nemari yake he will start buying ma players apera basa , and then cause confusion , Caps is better of without Jere mark my words

  4. We welcome you Farai Jere , so,lets get to business gentleman , Mr Twine open all the cards to your partner then you dont have a problem , Mr Jere is a true sportsman than the Makuvires , he the man who speculates to players watchout of this man , Buy the name Makuvire .So the bottom line is we need a united Caps United team as the name .

  5. With , Farai Jere around league its ours gentleman.

  6. Jere gadzirisawo kani nzvimbo yawakakurira ye St Mary’s ionekerewo nepawakadzidza pa Chaminuka Primary School.

  7. Kepekepe bhora, madzvinyu akutorohwa nehana so. Hokoyoi nema cups kings

  8. Thanks mdara jere

  9. Ras O komorayi wepaGweru

    Thank you Jere but be careful your dealings naTwine.You know him better.PaGweru takamirira Kepekepe paChapungu.

  10. better times are back go kepekepe go

  11. chrispen Ndhlovu

    i dont believe in Your JERE issue, remember ndiye wekutengesa vana Mwangali Vari seven ku South Africa. Team yakasara ikatambura. Mark my words hes up to something

  12. Seems a good business man. Needs to win a championship. It’s 10 years in 2015

  13. Without Jere we made it better,Anyway he felt the coldness outside kepekepe family.So your return let it be genuine not to cause divisions.Ndapota hangu Itai zvebhora vakuru.

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