HomeSportCAPS bag US$60k for Gerald Phiri

CAPS bag US$60k for Gerald Phiri

Castle Lager Premier League giants Caps United have bagged a cool US$60 000 following the sale of Malawian attacker Gerald Phiri to South African side Bidvets Wits.

Kevin Mapasure

Last week the South African top-flight side confirmed that they had signed the lanky forward on a permanent basis from Caps. The Green Machine will receive US$32 000 cash upfront, while the remainder will be paid in instalments in due course. While Caps have lost one of their key players, the deal has further boosted their coffers which not long ago were severely depleted.

Former Caps president Twine Phiri sold most of his shares to Farai Jere who is now the majority shareholder and the Harare businessman has started injecting money into the club.

With the Bidvets deal, coupled with the sale of Ronald Pfumbidzai who joined Danish side Hobro IK, the Green Machine can go onto the market in search of replacements as they look to launch a genuine Premiership title challenge.

Recent Posts

Stories you will enjoy

Recommended reading