FURNITURE SOLD: Walter Magaya Falls Into Bankruptcy While Promising Giant Stadiums And USD4 Million Cash
13 February 2025
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An auction announced
BREAKING NEWS: WALTER MAGAYA’S BELONGINGS AUCTIONED AMID GRAND STADIUM PROMISES
Harare – February 13, 2025
By A Correspondent | ZimEye | While Prophet Walter Magaya has been making headlines for his grand vision of building a world-class stadium and injecting $4 million into Zimbabwean football, reality is catching up with him in a shocking manner. Today, LM Auctioneers announced a court-ordered auction of assets belonging to PhD Ministries due to financial disputes, exposing what appears to be a growing financial crisis.
The auction listing, which includes approximately 5000 plastic chairs, forklifts, generators, TVs, trailers, and even assorted speakers, suggests that essential items from Magaya’s ministry are now under the hammer. This follows a legal case Simon Tendai vs. PhD Ministries (Case # HRECCG779/24), indicating that creditors have moved to recover outstanding debts.
This development raises serious questions about Magaya’s ambitious stadium project, which he has repeatedly promised to construct, touting it as a game-changer for Zimbabwean sports. If he cannot retain basic furniture and essential equipment, how viable is his dream of building a multi-million-dollar sports facility?
The auction is set to take place on Thursday, 13 February 2025, at 1 Sherwood Drive, Simon Mazorodze Road, Waterfalls, Harare, with deposits of $1000 required for vehicles and heavy-duty generators.
With critics already skeptical of his stadium plans, this auction might just confirm their fears—that Magaya’s financial empire is crumbling while he continues to paint a picture of prosperity and progress. Could this be the beginning of the end for PhD Ministries, or will Magaya find a way to bounce back?
For now, the evidence is clear: while he dreams of stadiums, reality is taking away his furniture.