CASH strapped Zifa is the process of renegotiating with their loan providers to convert loans into gratuitous funds, B Metro Sport has learnt.
Zifaa��s current debt is at $6 million and the association has resorted to a number debt servicing strategies.
a�?The association has since assumed cost cutting measures, we are widening revenue streams, we are engaging our creditors to allow us more time to pay back, we are renegotiating with our loan providers to convert the loans into gratuitous funds, we are contemplating the dollar for football plan and selling merchandise,a�? said Zifa chief executive officer Jonathan Mashingaidze.
In light of the debt, Zifa has also engaged world football governing body, Fifa, which is due to send marketing and communications experts to help the countrya��s highest football office to refocus, rebrand and increase its ability to court sponsors.
Early this month, Zifa board members led by associationa��s president Cuthbert Dube appeared before the Parliamentary Portfolio Committee on Education, Sports, Arts and Culture led by firebrand chairman Themba Mliswa, at the August house.
The Zifa contingent also included Mashingaidze, board members John Phiri and Bernard Gwarada, women football chairperson Miriam Sibanda and Mighty Warriors head coach Rosemary Mugadza.
Dube is said to have told the committee that the association has, for the first time, started crafting a policy during the Zifa assembly retreat held recently.
The committee encouraged the board, several football stakeholders and the football fraternity to set differences aside and work in unison for the good of the game.
On Tuesday, Zifa vice president Omega Sibanda was on record saying the association needed former players to come on board for the development of countrya��s football.
a�?For our football to develop and prosper we have to unite for a common purpose. . . My president (Cuthbert Dube) has been talking about his desire to see former players contributing to local football. Dona��t just stand there, fold your arms because you have an important part to play in uplifting our football,a�? said Sibanda at a belated prize-giving ceremony for participants of the third edition of the Benjani Mwaruwari Junior Football Festival.