{"id":98775,"date":"2025-04-03T17:29:41","date_gmt":"2025-04-03T17:29:41","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports"},"modified":"2025-04-03T17:29:41","modified_gmt":"2025-04-03T17:29:41","slug":"sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/sport\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports","title":{"rendered":"Sadate Munyakazi announces Rwf 5 billion bid to buy Rayon Sports"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Businessman Sadate Munyakazi has confirmed that a bid worth Rwf 5 billion is in place to buy Rayon Sports. The bid will be valid until December 25, he said.<\/p>\n<p>There have been reports that Rayon Sports Association is considering putting club shares on the market at Rwf6 billion (Rwf 30,000 per share), but Munyakazi, who served as club president between July 2019 and September 2020, wants to acquire 100% stake of the club.<\/p>\n<p>\u201cI don\u2019t want shares. I just want to buy it 100 per cent,\u201d he told Times Sport on Thursday.<\/p>\n<p>\u201cI want to own it. I don\u2019t think it\u2019s a good idea to get many people involved in an investment like this.\u201d<\/p>\n<p>Munyakazi said he has been working on the bid since December and he believes Rayon Sports is a big brand worth investing in as it shows potential to make big returns.<\/p>\n<p>\u201cRayon Sports is a brand that can generate a lot of money and I don\u2019t think people get the most out of it accordingly. I have tabled my bid, if they are open for discussions, we shall be ready to negotiate,\u201d he said.<\/p>\n<p>\u201cI am saying this as a businessman. I don\u2019t want to put emotions in business,\u201d he added.<\/p>\n<p>Munyakazi will, however, go ahead with the bid on condition that he is independent to appoint the club management. Rayon\u2019s executive committee is normally elected by members of Rayon Sports Association.<\/p>\n<p>He also wants Rwf1 billion of the bid to be distributed among the fan clubs. The club must also agree to use Rwf 1 billion to get rid of its debt burden while Rwf 3 billion (Rwf 1 billion per season) will be invested in the club.<\/p>\n<p>Munyakazi projects that Rayon will be valued at Rwf 10 billion in the next three years after which he plans to invest Rwf 5 billion in the franchise which will see the volleyball, basketball and Cycling teams established.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Rwanda<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Businessman Sadate Munyakazi has confirmed that a bid worth Rwf 5 billion is in place to buy Rayon Sports. The bid will be valid until December 25, he said. There have been reports that Rayon Sports Association is considering putting club shares on the market at Rwf6 billion (Rwf 30,000 per share), [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":98774,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,18],"tags":[2676,758,7219],"class_list":["post-98775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-rayon-sports","tag-rwanda","tag-sadate-munyakazi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sadate Munyakazi announces Rwf 5 billion bid to buy Rayon Sports - Rwanda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sadate Munyakazi announces Rwf 5 billion bid to buy Rayon Sports\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Rwanda. Businessman Sadate Munyakazi has confirmed that a bid worth Rwf 5 billion is in place to buy Rayon Sports. The bid will be valid until December 25, he said. There have been reports that Rayon Sports Association is considering putting club shares on the market at Rwf6 billion (Rwf 30,000 per share), [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-03T17:29:41+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sadate Munyakazi announces Rwf 5 billion bid to buy Rayon Sports\",\"datePublished\":\"2025-04-03T17:29:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\"},\"wordCount\":337,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2025\/04\/sm_1743689369.444556.jpg\",\"keywords\":[\"Rayon Sports\",\"Rwanda\",\"Sadate Munyakazi\"],\"articleSection\":[\"all news\",\"Sport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/sadate-munyakazi-announces-rwf-5-billion-bid-to-buy-rayon-sports\",\"name\":\"Sadate Munyakazi announces Rwf 5 billion bid to buy Rayon Sports - 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