Gor Mahia will seek approval from its members to convert the club into a Public Liability Company during their Annual General Meeting (AGM) in September.
K’Ogalo have set September 7 as the date for the highly-awaited AGM which will give directions as to how the club will operate going forward and besides the Public Liability Company agenda, members will also have an opportunity to interrogate the club’s financial report while setting in motion modalities for fresh elections.
“Notice is hereby given that the Annual General Meeting for Gor Mahia Football Club, year 2024 will be held o the 7th day of September 2024 at 10am. Venue of the meeting will be communicated to the members in due course,” the AGM notice read.
“Only those persons who are registered and duly paid up will be allowed to attend the AGM and participate in the deliberations.
“The agenda for the meeting shall be; To confirm the minutes for the last AGM and discuss matters arising therefrom.
“To receive and if approved, the chairman’s report. To receive and if approved, adopt a report on the club’s finances over the previous years.”
The other key item to be discussed will be on the elections as well as a proposal to change the club’s ownership model.
“To discuss and if approved adopt a motion to convert the club into a public liability company. To set the date for elections of members of the executive committee and members of the board of trustees,” the notice further read.
Gor Mahia are seeking to turn the club into a company which allows its members the right to transfer their shares in the company and allows invitations to the public to subscribe for shares.
The intention is to attract external investment from various sources to help it become more sustainable, a move away from the current model where the club is owned by the community but struggles to finance its operations.
It will be interesting to see how members vote on the proposal given how community clubs in Kenya are highly guarded from external influence while the issue of financial report will also be another hot potato.
Gor Mahia elections will also be hotly contested as the current executive nears the end to their four-year term.
Chairman Ambrose Rachier has previously said he would not be contesting, but that is yet to be confirmed, which is getting some potential candidates jittery.