By Habakuki Urio
Tanzania’s football giant, Simba SC will announce a progressive report today on where they have reached on the tender which invited expression of interest from Simba Sports club members who are interested to acquire a maximum of 50 %( fifty percentage) equity in jointly established company.
Msimbazi based official, Dr. Anord Kashembe, said that they will release what they have done in order to give a real picture to Simba fans and investors before tomorrow’s deadline.
“The special tender committee is keep on with its job, including analyzing all application from members who have showed the interest to invest.
“This tender have process and we are in preliminary stage, tomorrow is deadline for application after they the committee will reveal who have qualify and other stage will follow,” said Dr. Kashembe.
Before, special tender committee, chairman, retired judge, Thomas Mihayo, told reporter that currently, Simba Sports club is undergoing transformation process by changing its legal and Instructional framework from member’s association into a public limited liability company to be known as Simba Sports Club Limited, which will be formed jointly between current members and potential investors.
He added that the invitation is to the members who are interested to invest in Simba Sport Club Limited with minimum capital injection of Tanzanian shilling twenty billion only.
“Applicants should meet the eligibility Criteria that include existing live individual members or company whose directors are existing live members, Compliance with rule and regulations governing football administration,
“Applicant should submit Expression of Interest (EOI) along with the supporting documents, which includes, Members card, current annual subscription receipts, certificate of incorporation, Business licenses, existing living individual, TIN, Tax clearance certificates, power pf attorney authorizing the signatory to execute the tender documents,” noted Judge Mihayo.