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KENYA
NIGERIA
Karuturi Sport, the Naivasha based club is set for a take-over, Futaa.com has reliably learnt.
According to the source, the club, as well as other investments, is set to be offloaded by it's primary company, Karuturi holdings, as it embarks on cost -cutting measures.
50 million
The source continues that the current owners are in negotiations with two sets of investors, one from Europe and the other from the United States of America.
It is understood that the European investors and Karuturi are close to agreeing a fee believed to be in the region of Ksh 50 million for the sale of the club.
The source finishes by stating that at the moment though, nothing has been agreed in letter and negotiations are ongoing.
Struggled
The flowermen have struggled to impose themselves in the 2012 Premier League and are currently placed in position 12 in the standings.
