Tuesday, May 28, 2024

FDH drills Flames players on investment

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A First Discount House official (left) drilling Flames players on how they can invest their earnings

First Discount House Limited, a subsidiary of FDH Financial Holdings Limited on Thursday afternoon drilled Malawi national football team players on how they can invest their earnings to prepare them for life after football.

This comes after FDH Bank, another subsidiary of FDH Financial Holdings Limited opened investment accounts worth K100, 000 for each player as a token of appreciation for qualifying for the 2021 Africa Cup of Nations finals.

FDH Senior Investment and Business Development Manager Tamanda Kapalamula said as the official sponsors of the Flames, they want to see the players sustain their living after retiring by investing their earnings.

“We pledged to give each player a seed capital of their investment with FDH Discount House worth K100,000 for them to add on it and keep on investing so that they grow their income.

“We saw it wise to train them on how they can invest the money they are earning today to prepare them for life after retiring from playing football.

Flames players listening attentively to the lecture

“Having an investment account will help the players to have a sustainable income source in future because football is a short-term career. One can even go into early retirement because of an injury hence the need for the players to invest their money”, he said.

South Africa-based striker Richard Mbulu said the talk has helped the players understand the importance of serving money for the future.

“It was a timely and very important talk to us. We have seen former players whom we used to admire failing to make ends meet because they failed to invest their earnings. But we have been privileged with such an opportunity to know the advantages of investing our money now.

“I personally will invest my money with FDH and I would like to urge my fellow players to do the same because this will help us and our families in the future,” said Mbulu.

FDH Bank provides an annual sponsorship of K60 million to the Flames and recently launched the FDH Bank Cup worth K450 million going for K90 million a season for the next five seasons with the winner carting home a cool K25 million, the biggest prize money for any local football competition in the country.

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