Hearts of oak to install new leaders

first_imgThe current 25 member board of directors of premier league club Accra Hearts of Oak is set to be replaced following a move by the new owners to chat a new path for the club.A interim 11 member team is expected to be named to take over from the Commodore E M Mensah led board of directors after six years in office.Strategic Initiative is the mother company of Strategic African Securities which managed the floatation of Hearts of Oak shares and they bought majority stake in the club and JOY Sports understand the takeover is expected to take place today following the resignation of the existing board.Hearts of Oak became the first Ghanaian club to initiate an IPO and despite an initial slow response from the fans and the public to buying shares, the club raised about 2.5 million after several extensions to the date.The new owners of the club which has a former Director, Togbui Afede’s Strategic Initiative as the biggest share holder have indicated their resolve to review the operations of the club to maximize the immense opportunities available for Hearts of Oak to become a big club in Africa again.Hearts of Oak is one of the most decorated clubs in Africa with 20 league titles and three major African club titles.last_img

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