{"id":14642,"date":"2019-05-06T21:43:32","date_gmt":"2019-05-06T21:43:32","guid":{"rendered":"http:\/\/gormahia.net\/latest\/?p=14642"},"modified":"2019-05-06T21:44:53","modified_gmt":"2019-05-06T21:44:53","slug":"rachier-outlines-status-of-club-finances-and-land","status":"publish","type":"post","link":"https:\/\/gormahia.net\/latest\/news\/rachier-outlines-status-of-club-finances-and-land\/","title":{"rendered":"Rachier outlines status of club finances and land"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/gormahia.net\/images\/rachier-point.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>Speaking to Citizen Sport, Gor Mahia Chairman Ambrose Rachier gave a detailed report of the club&#8217;s finances which suggests that the club is deep in debt<\/p>\n\n\n\n<p>Additional reporting from Citizen Sport<\/p>\n\n\n\n<p>Kenyan Premier League (KPL) giants Gor Mahia FC are shouldering a Sh. 105.5 million in debt burden according a summary of the club\u2019s income and expenditures this season.<\/p>\n\n\n\n<p>Gor\u2019s revenue streams \u2013 including sponsorship funds and the sale of club merchandise have raked in Sh. 111.8 million but the KPL champions a massive 217.3 million with the cost of international travel alone eating up a third of that.<\/p>\n\n\n\n<p>International transportation cost Gor Sh.72 million with player salaries and those of the club\u2019s officials amounting to Sh. 62 million.<\/p>\n\n\n\n<p>In a rundown provided by Gor\u2019s chairman Ambrose Rachier, it shows the club also made Sh. 13 million in profit from player transfers while counterfeits meant only a paltry Sh.400, 000 have been collected from the sale of merchandise.<\/p>\n\n\n\n<p>Gate collections from local and continental matches amount for KSh. 7 million while they were also paid a total Sh15 million by continental governing body CAF thanks to a season in which they became the first ever Kenyan team to reach the CAF Confederation Cup quarter-finals.<\/p>\n\n\n\n<p>Rachier stated his desire to trim what he termed a \u2018bloated office\u2019 at the club but emphasized such powers can only be available to him once the new constitution \u2013 which he said would be ready by May 9 \u2013 is adopted.<\/p>\n\n\n\n<p><strong>Land<\/strong><\/p>\n\n\n\n<p>He also gave an update on the club\u2019s long-drawn-out plan to build its own stadium, suggesting conflicts in location and unresolved land conflict as their biggest setback.<\/p>\n\n\n\n<p>\u201cThe Embakasi land has been grabbed and the title deed got lost during Erastus Okuls\u2019s era as the chairman. I\u2019m following up on the Kasarani\u2019s 10-acre piece of land but the problem is the title deed can only be registered in my name.<\/p>\n\n\n\n<p>\u201cThe Constitution hasn\u2019t given me the powers to make certain decisions that can make Gor Mahia a business entity,\u201d Rachier told Ramogi FM.<\/p>\n\n\n\n<p>Rachier also announced Gor will start awarding professional contracts to its youth team players in what could make the first KPL club to do so.<\/p>\n\n\n\n<p>A partnership deal with Brookside, which he said will be announced next week, could prove a turning point for the club\u2019s junior team with the extra funds set to be diverted their way.<\/p>\n\n\n\n<p>Gor already agreed a deal with the milk processing company but no contracts have been signed yet and Rachier expects the paperwork to be complete by the end of this week.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;Rogue Players&#8221;<\/h3>\n\n\n\n<p>The official meanwhile also reiterated his resolve to crack the whip on \u2018rogue\u2019 players at the club when the KPL season comes to a close.<\/p>\n\n\n\n<p>Rachier vowed to punish indisciplined players following the extraordinary timeline of events that led to Gor\u2019s exit from the CAF Confederation Cup.<\/p>\n\n\n\n<p>Photos of Gor players lying helplessly on the floor at the airport lounge in Doha, Qatar sparked online outrage and prompted Rachier into calling a press briefing to clear the air over the issue.<\/p>\n\n\n\n<p>He turned the heat on the players and specifically called out Francis Kahata and Philemon Otieno for \u201cconjuring up malicious pictures to evoke sympathy and fake suffering.\u201d<\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/gormahia.net\/latest\/news\/rachier-outlines-status-of-club-finances-and-land\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground:  !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Speaking to Citizen Sport, Gor Mahia Chairman Ambrose Rachier gave a detailed report of the club&#8217;s finances which suggests that<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[1],"tags":[102,342],"class_list":["post-14642","post","type-post","status-publish","format-standard","hentry","category-news","tag-ambrose-rachier","tag-gor-mahia-finances"],"_links":{"self":[{"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/posts\/14642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/comments?post=14642"}],"version-history":[{"count":2,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/posts\/14642\/revisions"}],"predecessor-version":[{"id":14644,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/posts\/14642\/revisions\/14644"}],"wp:attachment":[{"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/media?parent=14642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/categories?post=14642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gormahia.net\/latest\/wp-json\/wp\/v2\/tags?post=14642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}