Tooro United Football Club majority share holder Smart “Akiiki” Obed has acquired a key partner and stake holder to assist in the management of the team.
The partner, Ssipelito Ssesanga is a filthy rich city businessman.
He will now own 49 percent shares in the club and will assist, as well, in the day to day affairs of the club management.
From mid last season, i started to realize that football is a lucrative business. It needs key stake holders and important partners to grow the brand. therefore, i started to look out for such people to work with and I AM HAPPY THAT I GOT ONESmart Akiiki Obed, majority share owner of Tooro United Football Club
Kawowo Sports has established that Ssesanga forked deep in his financial coffers for a whooping Shs 190M to buy shares in Tooro United.
But, Obed is quick to clarify that they will co-share the operational costs alongside Ssesenga.
“We signed a Memorandum of Understanding to partake the responsibilities that range from the players and officials’ sign on fees, daily allowances, salaries and logistical needs” Obed clarified.
It remains to be seen where the club will be based since at the end of last season, they had been forced to relocate from Buhinga Stadium in Fort Portal to Kavumba Recreational Play ground in Wakiso district.
This was because Buhinga was under renovation by the central government.
Last season, Tooro United FC completed the Uganda Premier League in a respectable 4th position, their best placing since attaining promotion in 2012.
In the Stanbic Uganda Cup, Tooro United was ejected by Wakiso Giants at the round of 16 stage 4-2 in post match penalties after a goal-less draw in normal time.
Earlier, they had eliminated holders KCCA 5-4 in a shoot out after a one all draw in normal time during the round of 32.
Meanwhile, Tooro United is ready to undergo a massive player exodus following the expiration of employment contracts for a third of their playing staff.
Talisman Allan Kayiwa, Baker Buyala, Steven Luswata, Mahad Yaya, Isa Lumu, Fahad Kawooya, Simon Peter Sserunkuma and a host of others are on the exit door.
There are 70 percent chances that the team’s head coach Richard Wasswa Bbosa will not also renew his employment contract at the club as he seeks for greener pastures.
For starters, Tooro United FC was previously known as Soana Football Club but re-branded at the start of 2018-19 season.
Previously, Soana FC was called Misindye-Soana after a take over from the then Mukono based out-fit.