New Edubiase owner Abdul Salam puts 'bankrupt' club up for sale

Published on: 28 January 2016

Ghanaian crisis club New Edubiase have been put up for sale by owner Abdul Salam Yakubu.

The Ghanaian club are now on the market after president Abdul Salam Yakubu confirmed he is looking for a new buyer after the club declared bankruptcy.

Edubiase have competed in the domestic top-flight for a couple of years but recent financial struggles have placed the club in a difficult situation.

The club is under serious financial stress despite selling a number of their key players.

The Bekwai-based side could go into administration due to their recent financial predicament and club owner Abdul Salam Yakubu has confirmed the club is up for sale.

“We don’t have money to run and prepare the team for the league, there is no money. None of the teams we sold our players to like Ashantigold have fulfilled their financial obligations to us plus the money we were getting from the sponsors of the Premier League is not coming again,” Yakubu told Kumasi-based Ultimate FM.

“It’s a big headache now managing the club and I am even ready to sell New Edubiase Football Club to any investor who is interested.

"If there is any interested investor out there willing to buy even shares in the team I’m ready to sell."

By Patrick Akoto, follow on twitter:Patakoto1

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