Dewji stuns Simba with 20bn/- offer

02Aug 2016
The Guardian Reporter
The Guardian
Dewji stuns Simba with 20bn/- offer

CITY-BASED tycoon Mohamed Dewji yesterday tabled proposal to Simba Sports Club management with regard to transformation of the top flight side into a limited liability company.

Dewji who is a life member of the club has given it a three-month ultimatum to process share floatation that would change into a limited liability firm.

The Mohamed Enterprises executive has made it clear that he would like to hold a 51 percent share, in the event the club would become a limited liability firm. He has also made it public that there are 20bn/- available for the transaction should the deal successfully materialise as proposed.

The young billionaire has also expressed appreciation to the club’s members who have unanimously agreed to change the club into a limited inability firm.

“Let’s have this deal materialise within the next three months as time is running out while members have strong quest for the change”, said Dewji who previously sponsored the club with resounding success.

He also invited Simba officials to cooperate in the players’ registration ahead of the August 6 deadline.
”We need a successful Simba and president Aveva should work out this strategy aiming at propelling Simba into the next level in its football history”, he said.

Besides Dewji’s gigantic offer, the club has in possession of three corporate sponsors that inject money on annual basis to run the premiership business. These include Vodacom Tanzania, Tanzania Breweries and Azam TV.

Availability of funds seems not to be the problem affecting the club but how prudent to use it has been the nerve-wrecking stress with the present management.

However, Dewji’s latest move will for sure make Simba president Aveva at least end sleepless nights and gradually attain peace of mind, after coming close to mob justice at the end of the club’s annual general meeting held in Dar es Salaam on Sunday.