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DYNAMOS gave their former president Kenny Mubaiwa the run around when his company a�� KM Auctions (Pvt) Ltd a�� tried to engage the club over its debt prompting him to drag the Harare giants to court.
The club allegedly owes KM Auctions $247 503, in money lent to the football team, vehicles supplied to players and services rendered.
As first reported by B-Metro Sport in June, Dynamos owes Mubaiwa a significant amount of money accrued over an eight-year period.
His company would supply players with vehicles and the club would pay KM Auctions, an agreement signed by both parties.
a�?Like I said before (in an interview with this publication in June), we were ready to engage Dynamos to find common ground, work out a payment plan but they (new Dynamos executive) have not been meeting their end of the deal.
a�?The only option left for us was to take the legal route,a�? said Mubaiwa earlier this week.
Last week KM Auctions dragged the football club to the High Court demanding payment of the $247 503 plus costs of the lawsuit.
Mubaiwaa��s firm issued the summons against the football club on August 30, claiming it lent Dynamos some money, supplied it with vehicles and rendered services, but the latter had failed to make good its debt, prompting the firm to approach the court for recourse.
In its court papers KM Auctions claims Dynamos signed an acknowledgment of the debt on 7 June.
Mubaiwa was forced to step down as the cluba��s president in June this year amid pressure from supporters who called for his resignation following the teama��s under-performance.