Mmegi Sport is informed that Sechele and Gunners are in talks with the investor to take over Gunners for over 15 years. Mmegi Sport is further informed that Gunners would use the same model as Township Rollers and Gaborone United with a sole investor to take over the club affairs and decision-making. The deal is reportedly on an 80–20% share allocation in favour of the investor.
Sources said the new investor will clear debts which stand at around a million. “It is likely to be the same as the one Jagdish (Shah) had at Rollers or (Nicolas) Zakhem with GU. It is going to be 80% to the investor and 20% to the society. The investor will inherit all Gunners’ debts, the registered debts at the club. The deal is good as done.
First of all, Sechele is a die-hard Gunners supporter so his interests are with the club,” the source told Mmegi Sport. Gunners have confirmed the club is in talks with several potential investors but did not reveal more details. Speaking to Mmegi Sport, Gunners’ public relations officer, Isaac Mmualefe said the talks are promising and are to be concluded by the end of September.
“Yes, we are in talks with several companies. It is not one but a few of them, we are currently at the initial stage of negotiations, but we would like to have concluded them before the start of the season. I can say we have had rather promising talks. Like any other negotiations, we will put our demands forward and then anyone interested will put their desires.
From then we have to come to an agreement. We wish to have concluded everything by the end of September,” Mmualefe said. Gunners are preparing for life in the second-tier league for the first time in the club’s history. The team is set to do battle with just an 18-member squad in the first half of the season. The arrival of the investor would aid in clearing the debts while also helping to lift a FIFA transfer ban.
