Hearts of Oak net US$317,000 sponsorship deal with investment firm

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Ghanaian side Hearts of Oak have signed a one-year sponsorship deal with local investment firm Strategic African Securities.

The deal is worth 600,000 Ghana cedis (US$ 317,000) took effect from 1 October, 2012 comes as a massive just days before the start of the league.

Strategic African Securities are major shareholders of the club and its founder and CEO Togbe Afede XIV is Heart's board chairman.

Hearts have struggled to find a new sponsor after parting ways with telecommunications giants MTN.

The capital club have not won the Ghana Premier League the last three seasons.