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HOW did Bernard Marriot end up with 51 percent shareholding in Dynamos Football Club (Pvt) Ltd?
It’s a million-dollar question, which has been stalking the country’s domestic football landscape for some time now, with the issue even spilling into court.
Last week, H-Metro received some documents, from its reliable sources, which appear to shed some light into this contentious issue.
The documents are minutes of an annual meeting of the “board of directors and shareholders of Dynamos FC (Pvt) Ltd held at Arnaldo’s restaurant on the 22nd of January, 2017.”
The meeting was attended by Marriot, in his capacity as board chairman, Shackie Chitimbe (board vice chairman) and Owen Chandamale (finance director).
Board members – Fred Gutsa, Charles Gwatidzo, Moses Mafusire, Noel Musariyarwa, Lazarus Magwenzi and Bernard Chidziva – also attended the meeting.
Kenny Mubaiwa, who was then the club president, led the executive committee, which included Webster Marechera (treasurer) and Mthokozisi Nkos (secretary) at the indaba, which was also attended by club patron, Webster Shamu.
“In his opening remarks, the chairman informed the members that he had been to the High Court the previous day at which Justice Priscilla Chigumba presided over Mr Ernest Kamba and his colleagues’ application for an interdict to stop our AGM and dismissed it,” reads the minutes of the indaba.
“The judge dismissed Mr Kamba’s interim application on the grounds that:
a) They were not members of Dynamos Football Club.
b) They had not applied for an interdict form 20.
c) They had not interdicted the other 7 AGMs and what made the 8th AGM so special? The court thus cleared the AGM to proceed.”
According to item 9, of the minutes, the indaba discussed a motion “on the issue of shares and the expansion of the board and executive committee,” and the following transpired:
• The Board Secretary informed the meeting that on the 16th of September, 2016, he received a motion from Mr Chandamale, which sought the distribution of shares to the directors and to expand the board and the executive committee, among other things.
• The Secretary then requested the chairman to ask Mr Chandamale to formally move the motion before the members.
• The copies of the motion were distributed to all the members present.
• The motion read:
a) That membership remains in the hands of the company directors.
b) Distribute shares to directors and share certificates.
c) Mr B. MARRIOT LUSENGO, AS THE ONLY SURVIVING FOUNDING FATHER, TO GET THE MAJORITY SHARES (51 percent).
d) Expand the board and the executive committee.
e) Gathering by people purporting to be Dynamos FC supporters and using the trademark logo are prohibited.
f) That we seek legal advice to address the illegal and irregular conduct of such groupings.
g) Mr Magwenzi supported the motion and it received a standing ovation and applause from the members as a right step forward, the motion was unanimously adopted.
“The board unanimously confirmed the appointment of Messrs Mafusire and Chidziva onto the board and Advocate Farai Nyamayaro as board secretary.
“Advocate Nyamayaro was replacing Mr Mthokozisi Nkosi who would be deployed to the marketing portfolio.”
Mathew Masinge
Online Reporter