The new business partner is as well Yanga's partner in the club's commercialization drive.
Speaking in Dar es Salaam yesterday, Yanga information officer Hassan Bumbuli said all is set for the drive to make the club commercial.
He said Yanga are serious in the drive to turn the club commercial.
Bumbuli, who said the Spanish football giants are among the top four Spanish La Liga clubs, stopped short of disclosing the name of the side saying it will be announced any day this month.
He said the Spanish club will offer commercialization expertise to Yanga in terms of technical, bussiness and management, a development he believes will help in the development of local clubs commercially.
The current top four Spanish soccer sides are Barcelona, Real Madrid, Atletico Madrid and Valencia.
“We are about to announce our partner in commercialization, the aim is to see Yanga turn professional, for now we cannot name the club but just watch this space,'' he said.
He further said the Jangwani Street based side is ready to embrace anything which is focused on bringing development to the club.
“We are set for commercialization, this will be one of the best in Africa and beyond, we really thank our sponsors, GSM Group, for being in the forefront of this noble movement which will help club and of course many Tanzanian soccer sides,'' he stated.
If Yanga will successfully implement the initiative, the club will be the second Mainland Premier League side owned by the community to turn commercial after Simba SC.
Yanga had, in 1994, closed in on implementing the initiative, based on an idea floated by the late IPP Limited Chairman, Reginald Mengi, who was the side's respected member.
A section of Yanga members, though, strongly contested the initiative which was supervised by the side's leadership which consisted of, among others, George Mpondela.
Yanga, through Bumbuli, had recently disclosed they are inching closer to fulfilling Mengi's idea.
Mengi had wanted to see the club become economically self reliant.
Bumbuli said Mengi’s idea was good for the development of the club.
“Yes, the idea which Mengi and others had for Yanga and football in the country was good, in those days it did not work due to many things which include conflicts in soccer,’’ he noted.
‘’The side’s supporters were as well not ready, but now we are in the process of turning commercial, which is good,” he said.
He also said Mengi contributed a lot to the club and described him as a man who loved the team.
“Apart from wanting to turn the club commercial, he contributed a lot to the club, he was there when the club needed him the most,” Bumbuli said.
Mengi passed away last year, but his contribution to sports in the country is still remembered.
He was the patron of the national U-17 boys soccer team ‘Serengeti Boys’, which competed at last year’s AFCON U-17 finals that was played in Dar es Salaam.
He was moreover one of the members of a special committee for motivating Tanzanians to put their weight behind senior national soccer team ‘Taifa Stars’.
The committee included, among others, entrepreneurs and other prominent people who have been financially backing the team as well as other sports projects.
Tanzania Football Federation (TFF) president Wallace Karia had told the domestic media that Mengi’s dream was to see the senior national team qualify for the 2022 FIFA World Cup finals.