The agent who brokered the First Capital Plus Bank (now Capital Bank) sponsorship deal for the Ghana Premier League has expressed shock at the premature termination of the relationship.
Dr Daniel K. Markin, Executive Chairman of Uniex Ghana Limited, has questioned the decision of the bank to suspend their sponsorship.
Capital Bank signed a US$10 million, five-year deal with the GFA but truncated it in the second year citing restructuring of their organization as their reason.
However, Dr Markin describes the decision of the bank to suspend the contract as unfortunate adding that they are bound to face sanctions as a result of their actions.
"It's unfortunate that Capital Bank took that position to suspend the deal which is not in the contract that I reviewed myself between the two parties," Dr Markin told journalists last Saturday at the Accra Sports Stadium.
"Well, the consequences are there for everybody to know, so I don't feel happy because they gave a dummy cheque for $10 million and they showed it to the whole world that they were sponsoring the league with $10million, so you can't stop midstream claiming you have challenges.
"I thought that the best thing that they could have done was to sit and have thorough discussions so that the Premier League clubs would also appreciate the situation, but I think they had some minimal discussions which were not thorough and it led to this.
The matter is now before the court which is not what I desired, so the court will decide," he lamented.