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RTU to float shares to raise funds

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Thu, 31 Mar 2016 Source: ghanasoccernet.com

Division One League campaigners Real Tamale United are inviting high net-worth person to buy stakes in the club as the Tamale-based side seek to raise fresh equity of at least GHc1,000,000.

This was after an extra-ordinary meeting of the Board of Directors last Monday, 28 March in Tamale.

A statement signed by the club’s board secretary Jones Alhassan Abu read: "After a thorough analysis and discussion of the financial state of the club vis-à-vis the board’s avowed commitment to return to the club to the Ghana Premier League next season and to be compliant with all the benchmark indicators of the GFA club licensing regime, it was realized that the best option open to the club was to seek fresh equity from interested investors in the public by raising a minimum of 1 million Ghana Cedis, only to finance the venture but also to put ourselves in a good enough financial to fund the club’s other activities."

Last week, business mogul Ibrahim Mahama, who is brother of Ghana president John Mahama, was linked to acquiring 70% stakes in the club.

Real Tamale United are bent on qualifying to the Ghana top-flight next season.

Source: ghanasoccernet.com