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DC Tours abandons Gunners takeover

Negotiations between Lobatse based outfit Extension Gunners and transport logistic company DC Tours have collapsed frantically with the latter growing ever more frustrated and withdrew their touted P 2million investment amid fears that the club is unstable and not ready for change.

The company walked away after one single meeting with Gunners management before it was pushed away, reports claim.

DC Tours are said have grown annoyed by the manner in which Gunners management arranged and held the discussions.

The club is said to have sent their player Dirang Moloi to represent them, something that did not go well with the company high ranking authority.

Moloi is a player but also an upcoming business man who happened to be the provider of the clubs merchandise last season but sources inside Gunners management felt that, in Moloi, the club failed to calculate the amount of serious coming from DC Tours corner.

DC Tours was said to be star struck by Gunners as one of the most supported brand, but their approach to serious matters has left the travel and transport logistic company with no choice.

It was reported that DC Tours was at an advanced stage to inject start-up capital and acquire 80% of shares but their bid was heavily reliant on the Gunners management decision.

The first stage of agreement was deliberated and decided in principle over the cause of last year, although details remain sketchy even to this date. The deal was supposed to follow many years of casting empty promises by the club previous committees to bring on board a trusted investor and traverse the commercialisation route.

Although sources say it is against the clubs constitution to run Extension Gunners that is operating as a society thorough contract management deal, any other worries and loopholes were to be dispelled to leverage a spade work on amendment of the constitution.

It was to be agreed that the clubs account was to remain operational while DC Tours was to be in charge of finances and set to give Gunners society at least one third of the investments at the end of every football season.

The deal was to be concluded before the commencement of the new season and a space was left out for other companies who may want to partner with the Peleng outfit to come on board, sources claim. Late last year, it was also rumoured that the club was negotiating with former CMB Chairman, Okaile Rapula, but that never proved to be true.

Extension Gunners finished last season in a very uncompromising situation. The club has never known peace since winning the then Coca Cola cup in 1992. After one Tariq Babitseng was voted as club Chairman, the club battled identity crisis as the committee split and factionalism took centre stage.

However, Gunners management refused to share details about the DC Tours partnership.

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