Fri, 09 Feb 2018 13:23:55 +0000
By MICHAEL MIYOBA
CITY of Lusaka 2000 Plc is not a community owned company, interim board member Teddy Mulonga has clarified.
Mulonga, who is a former FAZ president said the Woodlands based football club was owned by shareholders mandated to look at the welfare of the club that has a rich history in Zambian football.
Speaking during a press briefing at Woodlands Stadium yesterday to unveil the company’s interim board of directors, Mulonga said that the wrangles which had characterised City of Lusaka FC in the recent past have had a negative impact on the club which was demoted from the Super League during the 2017 soccer season.
He noted that the City of Lusaka 2000 Plc interim board of directors will soon deal with matters of shareholding without the interference with the soccer team in the appropriate forums.
Mulonga said Forli Limited director Diego Casilli had all the rights to claim ownership of the company as he held majority shares.
He called on players wishing to play for City of Lusaka FC to report to Woodlands Stadium because there was only one City of Lusaka FC.
“City of Lusaka 2000 Plc was established in 2000 owned by Cavmont FMO and City of Lusaka as the owners and has over the years transformed with Forli Limited having the majority shares at the moment,
“There hasn’t been a balance sheet produced from the time the company came into existence. No one valued the stadium but what we are saying right now is that can we establish the basics because in a community team a person can buy and sell shares at any time he wants and Kasili has every right to claim ownership of the club because he owns the majority shares,” Mulonga said.
And City of Lusaka 2000 Plc board member Kaitano Chungu has challenged members of the community alleging that they own City to provide evidence of ownership.
Meanwhile City of Lusaka interim board secretary Andrew Mushibwe who is Forli Ltd legal advisor clarified that the board was in the process of making City of Lusaka a community-owned company.
Mushibwe noted that it was disappointing to see a few members of the community claiming ownership of the club when they were not members.
“We are trying to make sure that the company becomes community-owned but we have a population of two million people in Lusaka and all of us can claim ownership if we pay a membership fee,
“And we cannot have people from the community thinking that they are more important than others. Can they show proof of membership by having paid the membership subscription fees,” Mushibwe said.
