Thursday 2018-07-19

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'MALAMBE BOUGHT OUT OF MATSAPHA'

By Observer Reporter | 2018-02-14

SOCCER – IN the latest twist of event, Victor Malambe is said to have been allegedly bought out of the ownership of Premier League club Matsapha United by his now incarcerated partner Sipho Shongwe.

Malambe and Shongwe partnered when they formed United together in 2016 having bought the status of the then RSSC United.

However, startling revelations about the ownership of the club have emerged ever since Shongwe was arrested and charged with the murder of Mbabane Swallows boss Victor ‘Maradona’ Gamedze.

According to court papers filed by the state opposing Shongwe’s bail application on Monday, Malambe is not listed as either a director or shareholder in the company registered as Matsapha United Investments (Pty) Ltd. Instead, one Sibusiso Mduduzi Shongwe and Sifiso Mbusi Shongwe, who is Shongwe’s son, are listed as the club’s shareholders, with both owning 50 per cent apiece.

Malambe, as quoted by one of the country’s daily publications, expressed shock at learning that he wasn’t listed as the club’s director. The Swazi Observer has now learnt from a highly placed source within the club that Malambe in fact sold his stake in the club to Shongwe last year (2017).

“Malambe hasn’t been involved in the club’s activities for a long time now.

The last time he was hugely involved in the club was last season, when we had that run to the final of the SwaziBank Cup. In actual fact, even before the final, Malambe had already sold his stake at the club to Mr Shongwe,” the source said.

The club insider further revealed that Malambe knew very well he had been removed as a director and shareholder at the club.

“I do not understand why Malambe was shocked when reports about him not being part of the directors or shareholders were revealed through the court papers. He sold his stake,” the source said.

protecting

The insider said they only pretended as if Malambe was part of them as means of protecting the brand. “He hasn’t been involved in the team’s activities and he knows that very well.”

Another MC member said Malambe was not part of the team.

“If he thinks he can run Matsapha United by word of mouth, we have no problem with that wish. There are costs related to salaries, match fees, training, food, electricity etc, so as a co-director he should come forward and assist and declare to the media how much he has contributed.

“As it stands allowances for the MC have been suspended, players salaries were delayed so we would gladly welcome his involvement either materially or by word of mouth if possible. We respect him and we will keep it as such,” said an MC member, who preferred anonymity

Malambe could not be reached for comment as his phone was switched off for the better part of yesterday afternoon. Meanwhile, the club’s Chief Executive Officer (CEO) Victor ‘Mavikane’ Malambe politely declined to comment on the matter when called yesterday.

“May I not comment on that,” Dlamini said briefly.

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