
Audio By Carbonatix
Board Chairman of Accra Hearts of Oak Sporting Club, Commodore Mensah has said the decision to list the club on the Ghana Stock Exchange is to make the club more profitable.Accra Hearts of Oaks chalked another first in its history by launching an Initial Public Offer (IPO) of its shares on Monday. The aftermath of this event has been a mixed bag of potential pluses and minuses. But the Board Chairman believes it is an initiative which will change the fortunes of the club.Speaking on Asempa FM”s Sports Morning Show on Tuesday, Mr. Commodore Mensah said Accra Hearts of Oak is currently bedeviled with a lot of debts to the tune of GH¢3.6 million and the best way to bring the club on course is to invite the public to invest in the club.He however discounted the notion that the Board of Directors are embarking on the flotation of shares to entrench and perpetuate their long stay at the club. According to Mr. Commodore Mensah, the current state of Hearts of Oak calls for a meticulous strategy to turn things around for club and the best way to make the club financially viable is to make use of the brand Hearts through the sale of its shares.Mr. Commodore Mensah called on all and sundry to help make the flotation work since it is a novelty and would be a benchmark for other clubs to emulate.Story by Adam Adjei/Asempa Sports/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Sabalenka loses deciding set 6-0 to Pegula in Berlin
1 hour -
The World Cup records that look set to be broken
1 hour -
VAR official who made hand gesture returns to duty
1 hour -
Liverpool reject £21.7m Inter Milan offer for Jones
2 hours -
Ten-man Belgium held by Iran in second World Cup draw
2 hours -
Doku criticised over plan to return home for birth
2 hours -
Lamine Yamal shows why this could be his World Cup
2 hours -
Serena Williams to make singles comeback at Wimbledon
2 hours -
Meloni tells Trump to ‘focus on your own popularity’ as row escalates
2 hours -
World Cup still waits for real Brazil to show up
2 hours -
Mahama jokes about Father’s Day gifts, compares bouquet haul to First Lady’s Mother’s Day surprise
2 hours -
NCPTA backs ban on extravagant school graduations, calls for return to discipline, character building
3 hours -
Ghana ranked 1st in Africa with highest policy rate; cost of credit most expensive
3 hours -
Central Regional NADMO gives residents in dilapidated buildings 14 days to evacuate
3 hours -
Bibiani NPP members call for regional chairman’s resignation over disqualification of aspirants
4 hours