Hearts plan club house with shares proceeds

Published on: 09 August 2011

By Ameenu Shadow

Hearts of Oak plan to use proceeds from the sale of club shares to significantly improve infrastructure.

A 42-room clubhouse, a multi-purpose gymnasium and a brand new training pitch are some of the key areas management have earmarked to use the funds on.

"The clubs hopes to build a 42-room apartment for the playing body, a gym and a new pitch with monies realised from the sale of these shares "Managing Director of SAS (the shares transactional firm) Apiigy Afenu told GHANAsoccernet.com.

"Aside that, the club will have enough money to invest in the playing body, to bring in high quality materials that fans are craving for.

"With these infrastructures and policies which is purely based on finances, I see no reason why the club would not conquer once more again."

The club last week opened the sale of an initial 20 million share offer priced at 50 Ghana pesewas per share.

However only a minimum of 100 shares (50 Ghana cedis) is the least one can obtain.

The offer last until August 29 where the club hopes to raise over 10 million Ghana cedis.

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