AFTER so many false dawns, it looks like Rayon Sports has come up with a solution to solve their financial woes which have become folder for ridicule for years.According to the club’s Secretary General Olivier Gakwaya, the Blues are forming an investment company that will be led by local tycoons Paul Muvunyi, Charles Ngarambe, Theo Mpazimpaka and among others to run the day to day affairs.The company owners will put their won money into the club and select people to manage it in a professional manner, unlike in the past when things have been run haphazardly.“We want to put a lasting solution to the constant financial problems the club faces every season, and we think forming an investment company made of our imminent fans is the right move.“We are in the final stages of registering the company and we shall communicate the requirements needed to be a member,” revealed Gakwaya. He added, “We want members of the company to invest money in the club in return for profit. The details will be communicated after the company has been registered.”The idea to form an investment company is the brain child of Charles Ngarambe, the club’s chairman and proprietor of Kigali Bus Services Ltd (KBS) and also, who has brought on board former club president Paul Muvunyi and Hotel Foco owner Theo Mpazimpaka.Rayon Sports have the biggest fan base in the country, reportedly to be around 1 million but have always failed to harness that support as a bargaining chip to attract corporate sponsorship hence the relentless financial constraints that have hiccupped the team’s chase for silverware.The team last won silverware back in 2005, when lifted the national league under the guidance of Raoul Shungu. According to available information, Rayon uses about Rwf120m for salaries, recruitment of players very season, but would need in the region of Rwf250m to compete with APR in the transfer market and providing attractive pay packages.Burundian duo of Seleman Ndikumana and Papy Faty snubbed Rayon in favour of the league champions last season as the Blues could not afford a combined Rwf40 million in transfer fees and wages.
