Anyone Watching? Wazito’s Spending Spree Raises Eyebrows

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Wazito FC President Ricardo gulps champagne after the launch of the team bus. With him on the right is the team’s coach Fred Ambani//Photo Courtesy

Does Financial Fair Play [FFP] exist in Kenya, or is anyone even interested in the amount of money flying around during the transfer windows?

The Kenyan Premier League clubs are currently in a transfer period and the business of buying and selling of players is booming in the country as it is in many other countries worldwide.

Wazito FC, who were promoted to the KPL after lifting the National Super League title, have signed many players this transfer period, and this has raised the concerns of introducing a Financial Fair Play rule.

As it stands, the Camp Toyoyo-based side have signed a total of 11 players.

Tuesday saw the club unveil new signings Elvis Rupia from Power Dynamo FC, Abouba Sibomana from APR and Karim Nizigiyimana from Vipers SC.

Wazito have also signed Derrick Otanga, Joshua Otieno and Kelvin Omondi from Sony Sugar FC, Pistone Mutamba from Sofapaka, Gad Mathews from Kariobangi Sharks, Bernard Ochieng from Vihiga United and Kenya U17 keeper Bixente Otieno.

The Club has also signed highly rated Ugandan attacking midfielder Mansoor Safi Agu.

Drawing an example from the European transfer, there is always a regulation that prevents clubs from spending more than they can earn in the pursuit of success hence throwing them in a financial constraint that eventually thwarts their long-term survival.

Various reports show that Wazito have so far spent over 8 Million Shillings in transfers. This is far much more that what clubs get after winning the Kenya Premier League.

Winning the Kenya Premier League title in 2012 was worth 3.5 Million, In 2015 the figure rose to 4.5 Million and in 2018 it rose further to 6.75 Million. It is not yet clear what Gor Mahia bagged last season for lifting the KPL title.

Well, with the above figures, Should Financial Fair Play Rule be introduced in Kenya?

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Wazito FC Lift the National Super League Title//Photo Courtesy

Last year, FK Vardar of Macedonia and Bulgarian side Levski Sofia were found culpable of breaching the FFP rule and as a form of punishment, they were blocked from participating in the Europa League and Champions League for which they qualify in the next two seasons.

Last Month, Italian Giants AC Milan struck a deal with Uefa to serve a one-year ban from European football for breaching the governing body’s financial fair play rules.

The agreement means Milan will not take their place in next season’s Europa League.

In the Kenya Premier League, a number of clubs are still struggling to make ends meet while some like newcomers Wazito have lots of money to swim in.

With the ongoing survival for the fittest in the Kenyan Premier League, should the Football Kenya Federation introduce a Financial Fair Play rule?

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