CAPS United Football Club majority shareholder Farai Jere and his partner Twine Phiri have appointed a new board led by prominent Harare lawyer Lewis Uriri.
BY TAWANDA TAFIRENYIKA
Uriri was yesterday appointed chairman as the Green Machine — which had appeared to be collapsing due to cashflow problems — goes under a footballing metamorphosis in a turnaround strategy which will culminate in the club being listed on the Zimbabwe Stock Exchange.
Following a meeting held in the capital yesterday between Uriri and Nhamo Tutisani on one hand, and the shareholders Jere and Phiri on the other hand, Tutisani was retained as board member responsible for operations while former Caps United striker Alois Bunjira has been roped in as one of the board members responsible for marketing.
Other board members include Abraham Kawadza, who comes in as board member responsible for supporters in the Northern Region with Alec Munyaka, who was also in the previous board, assigned to represent supporters in the Southern Region, while Modecai Sachikwenya was assigned board member responsible for technical affairs.
Jere, who took over from Phiri as the majority shareholder with an 80% stake at Caps United at the weekend with the Premier Soccer League boss now owning 20%, said the aim was to try to bring back confidence to the Harare giants.
Uriri also said they had discussed with Jere and Phiri the proposals over the money owed to him and fellow board member Tutisani by the club.
He said a consensus was reached that they would withdraw their application for liquidation of the club filed with the High Court once papers of the agreement had been signed.
“We discussed with Jere and Phiri on one hand, myself and Nhamo Tutisani on the other, on the modalities of paying the money we are owed by the club and it was agreed it will be settled and once the agreement papers have been signed, we will withdraw the application for liquidation we filed at the High Court. A new board with myself as chairman has also been constituted,” said Uriri. The new Caps United board chairman also said they had agreed that shareholders will not sit on the board.
“We agreed that the shareholders will not sit on the board as they will be represented. The board will also not interfere with the day-to-day running of the team which is purely a management function to be carried out by the chief executive Joe Makuvire. We hope to restructure the team in medium to long-term. In a few months we hope to transform Caps United into a public company to be listed on the stock exchange,” said Uriri.
Uriri and Tutisani are owed money amounting to $143 000, after they funded the club’s operations last year, but declared the club technically insolvent arguing it was no longer able to pay them their dues.
But with Phiri agreeing to hand over the majority of the shares to Jere, who has pumped nearly $2 million into the club coffers in the last few years, Caps United appear to be turning into a professionally run club.