The Jackson Group company, which was given the guarantee to value Yanga, has completed the process
The next step is for Yanga to announce its value and invite Investors to buy 49 percent of the shares according to the Yanga Constitution
That is the last step in completing the process of changing the operating system of the Yanga club
What is going to happen?
- Yanga will continue to remain under the General Assembly), Board of trustees, members of the executive committee and members
- Yanga will open a COMPANY that itself will own 51% of all shares and leave the remaining 49% of shares to investors
- This new company's job will be to run football activities and football BUSINESS only on behalf of Yanga
- The company will have its own leadership which is the BOARD OF DIRECTORS who will hire a chief executive (CEO) who in turn will hire all the executives under him to help him run this company as a football INSTITUTION.
- On the board of directors that will be established to manage the company there will be a total of (9) members of the board, Yanga SC will provide (5) members and INVESTORS in their TOTAL will provide (4) members
- One position on the board will be obtained by buying (12.5%) of the shares, so in order for the investor to get a position on the board, he must buy at least that percentage of shares to enter the board
- The Constitution of Yanga has directed that there must be more than one investor who will buy 49% of the shares and no more than four
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