By Spy Uganda
Kampala: In a new thirsty move to set motorsports to another level, the freshest new management of the Federation of Motorsports Clubs of Uganda (FMU) has cleared one of the organization’s oldest debts of Sh55m that was left behind by the old management.
This was announced by the new FMU President Dipu Devesh Ruparelia, who revealed at FMU’s Annual General Meeting on Saturday at Lugogo, that the debt was a loan taken from Prime Finance Ltd and had since remained a burden to the organization.
He also noted that the federation had signed a Memorandum of Understanding with Development Infrastructure Limited (DI), an Arua based firm to take motorsport to West Nile.
“DI is providing 100% of the financial muscle to develop 30 acres of land to build a motorsport arena to cater for rallying, motocross, karting and drifting event, while FMU is providing strictly technical support at this initial stage and upon completion, FMU shall own 10% shares from the project,” Devesh said.
He also said that the Federation intends to start a constitutional review process within the next 4 months to ensure that governance challenges are streamlined.
“A committee led by our Electoral Commission chairman shall guide this process to its logical conclusion as soon as possible,” Devesh said.
Meanwhile, President Devesh says that despite limited resources to boost the motorsport industry, the federation was able to organise round one of motocross, National Rally Champion (NRC) as well as MX round one just in its shortest existence.
