Change of ownership at Dedebit FC

Dedebit who was on the verge of liquidation has found a new owner, Mesebo Cement who was the clubs main sponsor for the past 3 years is expected to be handed the clubs ownership in the coming days.

The club was experiencing so much difficulty on and off the pitch last season most notably off the field as sponsors shy away and a previously established business venture called “DERA Trading“ by the clubs owners with an objective of generating a sustainable revenue which in the long run was expected to subsidize the clubs budget went Bankrupt.

Last season was a season not to forget for the club officials and Fans, they were bankrupted and were on the brink of forfeiting the league but thanks to Tigray regional state support the club finished the season in a fraught and were finally relegated from the premier league residing the bottom spot with merely 13 points from the possible 84 conceding 68 goals.

Founded in the early 1990’s Dedebit were promoted to Ethiopia’s top-flight league in 2009/10 and was one of Ethiopia’s Footballing powerhouses thanks to their financial Clout, they were crowned once crowned Ethiopia premier league champions in 2012/13 season.

In their way to prominence Dedebit FC was one of the pioneers clubs in introducing an escalated sign-on fee at that time which was a new trend by then for the Ethiopian football and they were smashing the records year in year out for some years, recruiting the likes of Getaneh Kebede, Mulugeta Miherat, Behailu Assefa and the likes who were at their pick performance level by then.

But following the 2016/17 season life was becoming hard for Dedebit as they failed to cope with the ever-growing transfer fee and eventually was forced to change their base from Addis Ababa to Mekelle where most of the clubs corporate sponsors were found, After moving to Mekelle the club was also under an immense pressure for not giving chance for local lads.

Mesebo Cement which is one of the largest cement producers in Ethiopia is expected to be handed the clubs ownership from DERA Trading and will be working hard to return the club to its Glory days where cash injection plays a real deal in what happens on the field.

Further details about the hand over will be disclosed in a press briefing expected to be held soon.