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Kotoko clears Esperance and FIFA debt

The Management of Kumasi Asante Kotoko Football Club has moved in-time to settle the Two Hundred and Four Thousand ($240,000) fine imposed by FIFA.

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The former league champions were given a $240,000 fine by FIFA for the wrongful signing of Ghanaian striker Emmanuel Klottey and were given up to May 17, 2020 to pay or face stricter punishment. The breakdown of the fine was as follows; $180,000 for the player’s transfer, $45,000 representing built-up interest and $15,000 for the FIFA Committee that sat on the case.

The payment was completed on Tuesday, April 27 2020 and was confirmed to the local media by the Public Relations Officer of the Club, Mr. Kennedy Boakye Ansah.

“FIFA brought a final decision that If we if don’t make payment by May 17 there will be stricter sanctions. On the 20th April, Dr. Kwame Kyei paid an amount of Thirty thousand ($30,000) US Dollars go to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu” Kennedy explained.

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Kwame Bonsu

The club’s PRO also went on to confirm that negotiations with Esperance were done by Close Marketing Consult headed by former administrative manager of Accra Hearts of Oak, Mr. Ashford Tetteh Oku.

“The Executive Chairman also paid $15, 000 to FIFA. We are grateful to Dr. Kyei and also to Ashford Tetteh Oku of Close Marking Consult for the smooth closure of this case,” he concluded.

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