PLE SPENT E1.9M ON ADMIN COSTS

MBABANE – The Premier League of Eswatini (PLE) audited financial statements for the year under review reflect E1.9 million incurred as administration costs.

Interesting to note is that the administration costs in the past year were at E800 000, which means they have increased by E1.1 million in less than 12 months.
This is also inspite of the 2019/2020 season being cancelled with eight league games remaining and the EswatiniBank Cup in its quarter-final stage. This is among the issues that are likely to be raised by the Board of Governors (BoGs) during the continuation of the organisation’s annual general meeting (AGM) this coming Saturday at the Happy Valley Hotel in Ezulwini.

The same meeting had to be postponed last week Saturday at the same venue due to the COVID-19 regulations as the PLE was given strictly two hours to wind up their business, something that could not happen. As a result, a number of important issues in the agenda, including the financials and elections were, deferred.
Information gathered yesterday revealed that the PLE Executive Committee led by Peter ‘Touch’ Magagula lived up to the promise of releasing the financials to all the 26 members ahead of the important gathering this weekend.

This is after some PLE Board of Governors (BoGs) raised a concern during last weekend’s postponed AGM that they have not been given access to the financials to study them ahead of the big meeting.
It has now emerged that the PLE members, especially those from the first division, started receiving the financials yesterday afternoon and the rest including those in the elite league were expected to have them yesterday evening. These developments were confirmed by PLE Chief Operations Officer (COO) Pat Vilakati, who assured all the members that they will have the financial statements and other reports before the AGM on Saturday.
“We promised that members would be given the financials today (yesterday) and I can confirm that this process has started with teams from the first division already been given the document. All the members would have all the available reports,” Vilakati said.
A member of the BoGs, who preferred anonymity, also asserted that they were now in possession of the financials.

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: