Loss of sponsors hits BFA finances

Presenting financials: Motlogelwa. PIC: KAGISO ONKATSWITSE
Presenting financials: Motlogelwa. PIC: KAGISO ONKATSWITSE

The Botswana Football Association (BFA) closed their financial year P5.1 million in the red following the loss of sponsorship deals from Orange Botswana and BancABC, vice president finance, Marshlow Motlogelwa told the association’s general assembly over the weekend.

“We didn’t do well this year compared to last year. We are P5.1 million in the red due to loss of sponsorships from Orange and BancABC,” Motlogelwa said.

In 2016, BFA’s income was P21.9 million compared to last year’s P27.2 million. The expenditure for this year was P32.5 million compared to P26 million last year.

Editor's Comment
Closure as pain lingers

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