Medeama Sporting Club has announced a floatation of shares on the Ghana Stock Exchange as a way of strengthening financially.
The two times MTN FA Cup winners are privately owned by business tycoon Moses Armah, popularly known as Parker.
The date for the launch of the Initial Public Offer (IPO) is yet to be announced.
The club’s Communication Director Patrick Akoto has confirmed to medeamasc.com that the side’s impending intention.
“We want to open up the club to other interested parties and it’s the reason why we intend floating shares,” Akoto told medeamasc.com
“The flotation we believe is the surest way of restoring financial stability and ensure we are able to recruit top players and invest in modern infrastructure.
“This is a club with huge prospects and think we should be able to win an Africa inter-club competition in the next three years after the flotation of shares”
He added: “We hope to take off in the shortest possible time after our lawyers finalize the paperwork. There will be a meeting to clarify all relating issues.”
Medeama Sporting Club will join Accra Hearts of Oak as the two Ghana Premier League sides to be on the Ghana Stock Exchange.
