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Sports News of Tuesday, 22 March 2016

Source: Ghana Soccernet

Ibrahim Mahama to acquire 70% stake in RTU

Ghanaian business mogul Ibrahim Mahama set to take over the ownership of GN Bank Division One side Real Tamale United after the club decided to go on the stock exchange markets.

The brother of the President of Ghana is set to acquire 70% stakes of the floated shares.

Ibrahim will be the new owner of the Northern giants when the takeover is complete.

Alhassan Yekini, a management member of Real Tamale United confirmed the deal to UraSports in the Upper East Region.

"We are opening the sale of shares for people to buy and Ibrahim Mahama said he wants to take majority of the shares,” he said.

“So automatically he becomes the owner of the club. He wants to take 70% of the shares.

“He is going to takeover the club but they are still on the documentation and I hope by next week it will be completed."

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