CAPS United chairman and player agent Shepherd Bwanya has taken Premier Soccer League giants Highlanders to court over non-payment of part of the commission on the sale of Ralph Mathema to South African giants Orlando Pirates last year.

Efforts to recover the remaining US$10 000 by Bwanya have been in vain hence Bwanya’s decision to take the matter to court.

However, Highlanders are arguing that the $US5 000 they gave Bwanya is the 10% that is required to be paid as commission by the exchange control policy.

“The exchange regulatory authority under their reference GI12958 dated 23 August 2007 have advised as follows:

The sale of a player is regarded as an export in terms of Exchange Control Policy, therefore the proceeds must be treated in terms of the current control market open market disposal of 60% 0 40% requirement.

“Under the current Exchange control Policy selling commission should not exceed 10%.”

“In the light of the above, the club is supposed to remit USD20 000 (40% of USD50 000 sale price) and retain USD30 000 (60% of the sale price).

“The club can only pay selling commission up to a maximum of USD5 000 (10% of USD50 000) which the club can now only pay USD2 000 since a payment of USD3 000 has already been remitted under Exchange Control reference GI 6282 dated 13 March 2007,” said a letter to Highlanders from ZB Bank.

"According to a document signed by Highlanders, “The club shall pay Shepherd a commission of US$15 000 on a gross transfer fee of USD50 000.”

Matema, a prolific goal-scorer during his stay at Highlanders was sold to Pirates last year in August.

The player has struggled to command a regular jersey in the starting line-up and is a strong candidate to be offloaded.

During his stay at Bosso, Matema, who is popularly known as “Banolila” in soccer circles, formed a telepathic combination with Obadiah Tarumbwa.

Tarumbwa is now based in Belgium where he is turning out for Cercle Brugge.

---

Share This Story On:

Average user rating