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Page last updated at 12:53 GMT, Saturday, 6 February 2010

TP Mazembe unveils $10m budget

TP Mazembe squad
Mazembe have strengthened their squad ahead of the 2010 season

Reigning African Champions League winners TP Mazembe, have unveiled a 10 million dollar budget for the 2010 season.

According to the club's website the amount was decided at the club assembly in January

Club President, Moise Katumbi also recently announced that he had released 2 million dollars for the construction of a club stadium in Lubumbashi.

According to Katumbi the club is now a lucrative company.

60 % of TP Mazembe Company shares are held by Katumbi, who is also Governor of the DR Congo's mineral-rich south-east province of Katanga.

10 % are held by a mining company, while the remaining 30 % shares will be allotted to club members and fans.

Mazembe won the African Champions League with a victory over Nigeria's Heartland FC in November last year.

They went on to represent Africa in the 2009 FIFA Club World Cup in Abu Dhabi in December.

TP Mazembe is set to become the first club in the DR Congo have its own stadium.

Meanwhile, coach, Diego Garzito says his squad is ready for the clash with Stade Malien for the Africa Super League Cup at home in Lubumbashi on February 21.

"[We've just signed] four players from Zambia and another four from Zimbabwe into the squad," Garzito said.

"It's good news for us because [they] will strengthen our defence which has been weak for many years.

"We are already preparing to face Stade Malien, so we will travel to Harare next week to finalise our plans."

The club have also hired Italian coach Stephano Maccopi as Assistant Coach.

Maccopi was coach of Swiss side La Chaux-de-Fonds until he joined TP Mazembe last month.

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see also
Mazembe lose at Club World Cup
11 Dec 09 |  African
Steelers target Mazembe defence
10 Dec 09 |  African
African Champions League Draw
09 Dec 09 |  African

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