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The Prophetic Healing and Deliverance Ministries founder, who also owns Yadah Football Club in the Premier Soccer League, invested millions in putting together Heart Stadium in Harare.
Magaya believes that he is a product of other people's efforts, hence his benevolence towards supporting local sports development regardless of discipline, gender or creed.
Magaya added that his heart is in the right place with The Heart Women Soccer League. The sponsor unveiled four sets of playing kits to all the 16 teams.
Other potential candidates for the post include Magaya, former Premier Soccer League boss Twine Phiri, Caps United legend Alois Bunjira and veteran sports caster Charles Mabika.