Chairman David Omega reveals to Goal.com that the team has been informed to look for additional sponsorship to cover up for expected shortfall
Naivasha-based Karuturi Sports will be walking a tight rope when the new season kicks-off on February 16.
This is because their sponsors - flower company Karuturi - have indicated they will slash the team's budget massively as the firm undergoes financial challenges.
According to Karuturi FC chairman David Omega, they have already been informed to look for additional sponsorship elsewhere to cover up for the expected shortfall something he admits will affect their performance.
"Our budget per year is Sh15 million but the company has informed us that they will only take care of a fraction of it though they have not indicated exactly how much. This will force us to cut down on most of our expenses including player’s allowances something that will affect our results on the pitch," Omega told Goal.com.
Other sources in the company revealed that the flower firm is undergoing serious financial challenges and most of their operations have been affected.
Last year, thousands of employees working for the company went on strike protesting lack of payment. The owners of the firm have in the previous past indicated a desire to sell off their football wing but their Sh50 million asking price has put off many interested bidders.