Saturday, June 22, 2024
SportDedebit FC in a midst of a financial storm

Dedebit FC in a midst of a financial storm

Compelled by persistent financial problems, Dedebit FC has announced today that it going to make some serious cuts in the club’s expenses including players’ monthly salaries and benefits.

According to the club’s statement released on social media today, Dedebit will not be able to afford players costing more than 25,000 birr a month starting from the upcoming Ethiopian Premier League (EPL) season of 2018/19. Established in Addis Ababa in 1996, Dedebit is also reported to be considering a move to another regional State since it will not be able to pay any player more than 25,000 birr due to financial difficulties it currently undergoing.

The club was established in Addis Ababa around Laghare, and it joined the EPL for first time in 2010 and won club’s first knock out cup the same year. It was also the champion of the 2012 EPL season, two years since it joined the league.

Nevertheless, with regard to its planned move to a regional city, the club is also said to have faced a hurdle from the Ethiopian Football Federation’s code of conduct which prohibits movement of clubs established in Addis Ababa to regions.

[speaker]
- Advertisement -spot_img

Subscribe

- Advertisement -

Popular

More like this
Related

Full acquisitions on table for foreign entrants: draft banking proclamation

Bill proposes to allow banks to hire foreign nationals...

Legislation looks to end central bank lending to government

Draft proclamation proposes raising NBE authorized capital to 20...

Somalia requests slower ATMIS troop withdrawal amid Al-Shabaab, Houthi collaboration

The Somali government has requested a revised timeline for...

Sudan warring parties’ to sit down for talks in Addis Ababa, Cairo in July

UN warns of further displacement without peace efforts Addis Ababa...