Young Africans SC President Engineer Hersi Said has announced that the club has entered into a 50-50 ownership partnership agreement with GSM Group for the construction and management of their new stadium.
Speaking during the signing ceremony held at Yanga’s headquarters in Jangwani, Dar es Salaam, Hersi said the club will provide land for the project, while GSM Group will finance the construction of the modern stadium.
"I officially confirm today that Young Africans SC has entered into a 50-50 ownership partnership agreement for our new stadium with GSM Group."
"We sincerely thank Ghalib Said Mohamed for his patriotic spirit and his decision to maintain equal ownership in this major project, even though he is contributing the largest share of the financial investment."
"On the club’s side, Young Africans SC will provide the land for the project, while GSM Group’s contribution will be financial investment for the construction of this modern stadium," said Hersi.
