Medeama president Moses Armah, is utterly surprised by reports that the club is up for grabs to the highest bidder, insisting the Tarkwa-based club is still formidable under its existing financial structure to battle for silverware next season.
He told Graphic Sports last that the club was rather undergoing some drastic restructuring both administratively and technically to position the club towards the realisation of their dreams.
â€œI donâ€™t know where this news about this take over is coming from, we have no intentions to offload Â the club.
â€œWe still have sponsors and these reports do not send the right signals to them,â€ he stated.
In the past weeks the local media had been inundated by news of a takeover of Medeama by businessman and politican, Papa Kwesi Ndoum.
The purveyors of the takeover reports maintained that Medeama was in financial distress and had taken the offloading to save the club.
But Mr Armah aka Mospacka, who returned over the weekend from the US for a short holiday after the World Cup in Brazil, disclosed that the clubâ€™s management and technical teams had been dissolved and new ones would be formed soon.
According to him, Medeama will unveil a new coach this week with Coach Prince Owusu the man tipped to take over from Peruvian, Carlos Roberto Paulette.
Source: Graphic Sports