Nick Mwendwa reveals millions spent on Kariobangi Sharks' annually
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Reading Time: 2min | Sat. 04.07.26. | 19:44
The 46-year-old went ahead to reveal that running a club is a bottomless financial pit and not meant for profit, even with a sponsor on board
With the ballooning costs of running a football club in Kenya skyrocketing with each passing season, former FKF President Nick Mwendwa has revealed the millions spent annually to sustain FKF Premier League side Kariobangi Sharks.
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The city mogul is the proprietor of Sharks, a club he has steered from the lower tiers of the Kenyan football pyramid to the top-flight, having earned promotion back in 2017.
With football being an expensive venture, it has been an uphill task to manage the club, but Mwendwa has always kept the team's annual budget close to his chest.
However, in a sit-down with Mozzart Sport, Mwendwa, who sat at the helm of Kenyan football for nine years, opened up on the millions that go into keeping the club afloat.
“Sharks take away Ksh50 million from us every year. It does not return money. If you want to invest in football, you have to understand what you are getting into,” said Mwendwa.
The 46-year-old went ahead to reveal that running a club is a bottomless financial pit and not meant for profit, even with a sponsor on board.
“If, for instance, you are getting Ksh60 million from sponsorships and that is all that you have, you can only do so much. How about you? because a business should be able to make you money and no club can do that currently,” he remarked.
The technocrat is among the few individuals running football clubs in the Premier League alongside Cleophas Shimanyula of Kakamega Homeboyz, Murang’a Seal’s Robert Macharia, Sofapaka’s Elly Kalekwa, and Nairobi Governor Johnson Sakaja of Nairobi United.
Mwendwa’s Sharks are currently embroiled in a legal battle with FKF over the relegation criteria of the just-concluded season, with the club disputing the use of FKFPL Regulations of 2025 that spell automatic relegation of the bottom three teams.
Sharks argue that the league ought to have followed the 2019 regulations, which were in place at the start of the season and required a promotion/relegation playoff between the third-last team in the FKFPL and the side that finished third in the National Super League (NSL) to face off for the last slot in the top tier.
