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.
ââ¬ÅI can confirm that we have agreed to sell part of the clubââ¬â¢s shares to Global Village a conglomerate of firms like OMP, Metro TV and others,â⬠Great Olympics director Fred Pappoe told Happy FM.
ââ¬ÅIt helps the club in several ways as the huge financial burden of running a club in Ghana is somewhat lessened.
ââ¬ÅThe provisions of facilities like a secretariat and a club house also makes this move a good a strategic one towards the development of Olympics.ââ¬
One of Global Village's sublet OMPÃ secured similar relationships with Sporting Mirren in the past.