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
-
Kufuor backs African-led economic forum, urges push for self-reliance
8 minutes -
Ziavi chieftaincy dispute deepens as rival factions install paramount chiefs
18 minutes -
Dr Bawumia and NPP will make sure we win the confidence of Ghanaians – Abu Jinapor
26 minutes -
Government, private sector back UNHCR agribusiness drive to boost refugee livelihoods
29 minutes -
The Prosecutor who could not prosecute (A Ghanaian Folktale from the Republic of Uncommon Sense)
1 hour -
MP urges stakeholders to prioritise education
2 hours -
Fuel price intervention ‘not a subsidy’ but gov’t taking a hit to protect consumers – Richmond Rockson
2 hours -
Government to forgo GH¢200m in revenue per pricing window as fuel price cuts take effect
2 hours -
Tsatsu Tsikata calls for compensation for SALL over 2020 electoral exclusion
2 hours -
Tsatsu Tsikata says he holds no bitterness over imprisonment, calls for fairness in justice system
2 hours -
We remain hopeful fuel prices will stabilise or drop – Richmond Rockson
2 hours -
Ghanaian pastor, 14 others arrested in Canada over alleged homeless fund fraud
2 hours -
Two suspects arrested over deadly attack on Berekum Chelsea team bus
2 hours -
Ashanti Regional Minister inspects Common Fund projects in Atwima Kwanwoma
2 hours -
Global climate outlook worrying despite Ghana’s progress – Minister
2 hours