Rayon Sports Unveils Rwf 15 Billion Plan to Revolutionize Club Ownership
Prince Jean
Dec 6, 2024
Rayon Sports President Twagirayezu Thaddée unveils plans for a Rwf 15 billion company to strengthen the club's global standing.
Rayon Sports plans to start a new company with an initial capital of Rwf 15 billion, according to the club's president, Twagirayezu Thaddée. Each share will cost Rwf 30,000.
Speaking on B&B FM Kigali on December 5, 2024, Twagirayezu explained that the idea was inspired by Tanzanian clubs Simba SC and Yanga SC, which have transformed into strong competitors.
"Copying isn't bad. We learned from Simba and Yanga. Years ago, we used to beat them, but now we can't. They succeeded by selling shares, and they no longer struggle with resources. Their focus is now on African and international competitions,"
he said.
He also revealed that they have advanced in obtaining necessary permits, including approval from the Rwanda Development Board (RDB).
"To make this happen, we need Rayon Sports Public Ltd. We already received recognition from RGB and RDB,"
he added.
Twagirayezu confirmed the share price at Rwf 30,000 and emphasized that the company will start with Rwf 15 billion in capital, which is expected to grow annually.
"In a few days, Rayon Sports will officially have shareholders. We set the share price at Rwf 30,000 to make it affordable for everyone,"
he said.
The goal is to build a strong, internationally recognized club.
"In 2018, players came for trials just because they heard about Rayon Sports. We want to create a club that is known everywhere,"
he concluded.
Twagirayezu and his committee were elected for a four-year term to lead Rayon Sports.
