HIGHLANDERS’ 2020 revenue increased by 58 percent despite inactivity caused by Covid-19.

According to the club’s audited financials, presented in local currency by club treasurer Donald Ndebele at Sunday’s annual general meeting, Highlanders’ income as at December 31, 2020, stood at $19 694 950 compared to $12 627 091 realised in 2019.

Highlanders’ revenue increased by $7 million despite not playing games due to a suspension of the country’s sport.

The biggest chunk of the revenue came from the sale of players and development fees.

Bosso sold Prince Dube to Azam FC of Tanzania and they paid US$50 000 which according to the audit report was equivalent to $4 104 545 using the official auction rate.

It was revealed in the financias that should Dube move from Azam, Highlanders are set to get 30 percent of the sale.

Michelle Katsvairo who moved to Botswana, bought himself out the Bosso contract for US$1 500 ($122 680).

Development fees paid to the Highlanders for Marvelous Nakamba and Teenage Hadebe earned the club $4 046 770.

The development fee for Nakamba’s move from Belgian side Club Brugge to English side Aston Villa was €44 171, with Bosso getting €35 326 (US$40 116) after the agent’s 20 percent commission.

According to the audit’s report, the balance paid to Highlanders was equal to $3 317 602 using the official exchange rate of 1:82.70.

The development fee for Hadebe’s move to Turkey’s Yeni Malatyspor was US$3 500 and after the agent’s fee, Highlanders received US$2 664 (an equivalent of $222 362 at an exchange rate of 83.50).

Highlanders indicated that they intend disposing some players to foreign leagues that are operational.

Bosso believe they have talent to attract foreign teams and will continue with their pursuit of selling players to generate revenue.

Having tasted the fruits of their development following compensation realised from Hadebe and Nakamba, Bosso will keep track of their junior products and seek compensation later…Chronicle