By Amini Nyaungo
Tanzania’s Simba special tender Committee, have invites expression of interest from Simba Sports club members who are interested to acquire a maximum of 50 %( fifty percentage) equity in jointly established company.
The 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.
Also the committee chairman outlined that the EOI shall be submitted along with non-refundable of Tanzanian shilling one hundred and ninety-five thousand only (TZS 195,000/=) deposited into the Simba sports club Bank Account no 56020110000094, swift code no UNAFTZTZ kept with United Bank for Africa.
Moreover, judge Mihayo insists that EOI should be in sealed envelope clearly marked “The expression of Interest for Investment in Simba Sports club”
“Applicant shall submit the sealed envelope containing a complete set of the Eoi I four hard copies not later than 18th October,2017 at 1600hrs local Tanzania time. Late submittals will not be considered. Submissions address,” He said.