Ghana Premier League returnees Great Olympics sell off club shares to Global Village
Newly promoted Ghana Premier League side Great Olympics have agreed to sell 40 percent of its shares to Global Village.
The partnership will see Olympics provided with a substantial amount of money to run the club and also the provision of an official secretariat and a club house.
The Accra-based club a selling off 40 percent of its stake – meaning 60 percent will be retained.
The agreement will be launched on Tuesday at the MTN Soccer Academy house in Ridge.
“I can confirm that we have agreed to sell part of the club’s shares to Global Village a conglomerate of firms like OMP, Metro TV and others,” Great Olympics director Fred Pappoe told Happy FM.
“It helps the club in several ways as the huge financial burden of running a club in Ghana is somewhat lessened.
“The provisions of facilities like a secretariat and a club house also makes this move a good a strategic one towards the development of Olympics.”
One of Global Village’s sublet OMP secured similar relationships with Sporting Mirren in the past.