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REVEALED!

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MBABANE – The cat is out of the bag! The Premier League of Eswatini (PLE) big investment project worth millions of Emalangeni has been revealed.


Classified information gathered by this newspaper has revealed that the organisation intends purchasing a corporate complex said to be worth E3.5 million where they will have their head offices housed.
The plan is to make the infrastructure a profit-generating avenue as there will be shops operational and offices to let for other businesses.


PLE executive member Sicelo Mkhonta announced the organisation’s plans to invest in such property during the Special General Meeting last year. It has now transpired that talks between the PLE executive and the commercial property owners were at an advanced stage and have been delayed by the prevailing COVID-19 pandemic.


During the meeting in question, which was a continuation of their Annual General Meeting (AGM) at Sigwaca House, Mkhonta told members that they intended to construct a structure that would house the PLE as they were currently operating at the mercy of the Eswatini Football Association (EFA).


The PLE Board of Governors (BoGs) were informed that the organisation was yet to purchase land in order to construct the infrastructure.
However, highly-placed sources within the organisation confided that the infrastructure was already in existence and the organisation was currently in negotiations with banks to solicit funds in order to purchase the property.


The Times Sports Desk had established through independent investigations that the PLE is currently in negotiations to purchase a commercial property owned by the St Lutheran Church along Mbhilibhi Street in Mbabane worth around the E3.5 million.
Further investigations point to another property located at the outskirts of the capital city which have a few operational shops and offices to let.   


During the meeting, Mkhonta informed the BOGs that the executive was exploring ways through which the organisation could generate income hence they planned on investing on a E5 million project aimed at achieving this objective.
Drawn for comment, Mkhonta confirmed that they were currently in negotiations with banks to solicit funds in order to purchase the St Lutheran Church commercial property.


However, he disassociated the organisation from any interest of purchasing the other commercial property reported to be at the outskirts of the capital city. This property is known to this publication but won’t be revealed for professional reasons – at least for now.


“We disassociate ourselves as PLE from the other said property but we can confirm interest on the commercial property in town belonging to the St Lutheran Church,” Mkhonta said briefly in a message. 


This also confirmed the executive member’s statement during their meeting that they actually did not want to limit themselves to a structure that would just house the PLE but intended to acquire an infrastructure that would be somewhat a shopping complex where they will be business entities running in order to generate funds as it is the case at Sigwaca House.


Efforts were made to get a comment from the Lutheran Church authorities but this was in vain at the time of compiling this report last night.

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