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Chiyangwa Messed up $100 Million deal


Zimbabwe football Association and COSAFA president, Dr Phillip Chiyangwa is reported to have spoilt his own broth after he messed up a game-changing multi-million deal for the country’s flagship sport, SportBrief has learned.

By Citizen

Few months after successfully taking over the reins at the beleaguered local football motherboard, ZIFA, good times were set to roll under the leadership of Chiyangwa, with the flamboyant businessman unveiling a multi-million-dollar deal for the association in February 2016.

ZIFA president Chiyangwa was reportedly set to roll out a deal worth between $40 million and $100 million that was expected to see Zimbabwe hosting the Robert Gabriel Mugabe International football tournament between June and July 2017.

According to the contents of the deal, the tournament was supposed to run for eight years, featuring an equal number of national teams from Africa and their Asian counterparts and had rich pickings for ZIFA as the host association.

But in an awkward turn of events, the financially lucrative deal did not materialize as per initial agreement. Therefore SportBrief decided to seek clarity on why such a deal could not take off.

A source which spoke to this publication on condition of anonymity said the “king of selfies”, Chiyangwa, can only blame himself for the fatal death of the ambitious project.

“He (Chiyangwa) wanted it done like yesterday. He was very impatient to the point that the other part, chief executive of Total Sports Marketing of United Arab Emirates, Moinul Chowdury, saw seeds of dishonest in the deal,” the source revealed.

According to the source, Moinul Chowdury felt Chiyangwa wanted to use him for his self-glorification and for that reason, the Total Sports Marketing chief decided to halt the deal.

“This guy takes me for someone who just splashes money all over the place,” Chowdury is purported to have said.

Chiyangwa was confident that Chowdury’s TSM who are also sponsors of Zimbabwe cricket would also help turnaround the financial fortunes of ZIFA in the same way that his company has assisted ZC.

The deal was set to see ZIFA raking in nearly $3 million annually from staging the competition.

Chiyangwa is well-known for sealing deals in no time, he is a man of instant action. The property mogul in his first tenure in office has evidently signed a US$1 Million deal with self-imposed Sir Wicknell Chivhayo, in a short space of time.

Chiyangwa also went on to negotiate a US$250 000 deal with the fastest growing mobile network operator in Zimbabwe, NetOne, for 2017 Warriors AFCON participation.

Apparently, his spirit of getting things done in no time has paid dividends in his career as he was elected COSAFA president before being appointed deputy chairman on CAF’s powerful organizing committee for the Africa Cup of Nations.

Asked by this reporter on why the tournament did not take off, Chiyangwa responded with a Facebook dead link¬if_t=video_reply¬if_id=1501434782003505&ref=m_notif.

The link will direct you to, “The content that you requested cannot be displayed at the moment.

Now, it remains to be seen whether the latest deal is not a damp squib, after the flamboyant businessman recently signed a landmark memorandum of agreement in London with Eden Sports Group of the United Kingdom.

The partnership that will, among other things, see English Premier league clubs touring Zimbabwe during the off-season break with, at least one club expected to visit Zim next year and another in 2019.

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