Friday, 20 March 2015

FKF is FKF and still very corrupt

Soon the teams in FKFpl will suffer financially.
Let us do a little mathematics of reality here.
FKF has already 'eaten' 3.4 million shillings through exchange rate. The average rate for at least $100,000 has been 91.3 since january. They already declared in the media that the deal is worth 202 million for 3 years.
This means: [2,250,000 x 91.3] - [202,000,000] = 3,425,000
The 202 million is for 3 years. Now deduct the administration fee. The normal admin fee is always not more than 10%
Admin fee = [10% of 202,000,000] = 20,200,000
but since ni FKF anything can happen of upto 50%
We now have a balance of [202M - 20.2M] = 181.8 M
Now let us divide that amount by 3 years of the contract [181.8M/3] = 60.6 M per year.
So assuming that all this annual grant goes to the 18 clubs,each club will get [60.6M/18] = 3.367M per year.
Na ujue match officials hawajalipwa...
Hapa team zitaumia tena serious. They were just used as a bridge to get to the money.



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