Kotoko: Esperance, Fifa debt settled

Asante Kotoko have cleared the debt owed Tunisian club, Esperance and Fifa over the wrongful acquisition of striker, Emmanuel Clottey in 2015.

The Ghanaian giants were slapped with a whooping fine of $240,000 by the world football governing  body – FIFA, comprising $180,000 for the player’s transfer; $45,000 representing accrued interest and $15,000 to FIFA as legal charges.

But $30,000 was paid by the Reds to the Tunisian side after reaching an agreement with them to write off the $45,000 accrued interest on the total figure.

The $15,000 legal charges to FIFA has as well been paid

Club spokesman, Kennedy Boakye Ansah tells www.akscgh.com that both clubs have written to FIFA to officially inform it of the settlement. “Kwame Kyei has paid the amounts due Esperance and FIFA in the Emmanuel Clottey issue,” he confirmed.

“Thirty thousand ($30,000) US dollars goes to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu. The Chairman also paid $15, 000 to FIFA as legal charges. We are grateful to our Chairman and Ashford Tetteh Oku of Close Marking Consult for the smooth closure of this case.”

The world football governing body gave Kotoko up to May 17, 2020 to settle the debt or face a transfer ban on the national and international fronts.