Dynamos denies reports that it is siphoning gate takings from its home matches

Dynamos through its lawyers Farai Nyamayaro Law Chambers responded to an article published in the Daily News last Thursday.

In a statement the club notes that,

Our client advices that, the article contained information that was misleading. It denies in toto that there is any siphoning of gate takings at the club. After receiving money from whatever source including the said gate takings, the budget committee sits to prepare a budget. Payments are then made according to the budget that would have been prepared. The budget committee is constituted by the following: Board Chairman, Finance Director, Club President, Club Secretary, Club treasurer, Club Advisor. No expenditure or payment is made outside the budget that would have been prepared by the budget committee. It is therefore virtually impossible for the Treasurer to make payments from the car boot as he will be required to account for every cent at all financial meetings. You may also need to know that it is not the even the Treasurer, who effects payments but the Finance officer. The Finance Officer effects payments in accordance with the approved budget.

The Harare giants also denied there was interference from the Board of Directors in the day-to-day running of the club.

More: Daily News

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