Shooting Stars Sports Club have been plunged into serious financial crisis after the Oyo State government questioned the managementâ€™s expenses and then withdrew a grant of N350 million earlier approved for the club.
The Ibadan club have been struggling underthe weight of massive fan expectations, but have struggled to get the finance required to match those expectations.
Shooting have been on a monthly grant of N16.8 million from the Oyo State government, and this month, General Manager Mutiu Adepoju had a request of N350 million approved.
Club sources told KickOffNigeria.com that the huge sum was meant to pay outstanding wages, bonuses and sign_on fees.
But soon after signing that approval, the state government, through the office of the Sports Commissioner did an about-turn and queried the clubâ€™s previous expenses, saying they are way too high.
In the interim, release of the grant was held back.
This has stalled the clubâ€™s attempt to hire a new coach, with Adepoju having taken charge of coaching duties since Philip Boamah was fired last December.
Players are also being owed entitlements, including unpaid sign_on fees, and the teamâ€™s performance has suffered as a result, with 3SC lying 16th, just one place and one point above the relegation zone.