The Board of Directors of Tamale-based Real Tamale United, R.T.U are planning to float shares ahead of the 2021/2022 Premier League season.
The club which recently gained promotion to the elite division are bent on raising enough funds to participate in the Ghanaian topflight.
Formed in 1976 the Board has set a huge target of playing in the CAF Champions League by winning the Ghana premier league.
Speaking to GBC’s Michael Okuley, Board Member Alhaji M.N.D Jawula reveals the decision to embark on share floatation.
“At the moment we are trying to float shares to raise money to properly take care of the club to achieve our target. We want to have good accommodation, a good bus and be able to pay the players good money to compete aggressively. About eight of us have been on the Board for a long time and it’s about time we make way for the young wealthy people knocking on the door to be part of the board”.
“The league is likely to start in October and so we are ensuring the club is enlisted on the Stock Exchange before the season commences. We are taking a cue from Hearts of Oak to raise the money and also get new and vibrant members onto the Board to take over Real Tamale United”.
If the floatation is done, R.T.U will become the second Ghanaian football club to be enlisted on the Ghana Stock Exchange after Accra Hearts of Oak in 2011.
Story by Michael Okuley- GBC
