Ghana's No. 1

"Angry" Kotoko chief Kwame Kyei cuts financial support to club - Report

Published on: 24 March 2020

Asante Kotoko Executive chairman Kwame Kyei has reportedly cut financial support to the club in retaliation for the constant attack on his administration, circling media reports claimed on Tuesday.

The oil business magnate has decided against pre-financing the club as the financial burden begin to bite the Premier League record holders.

Players and technical team have not been paid their bonuses since their 2-1 derby win over sworn rivals Hearts of Oak on January 26.

They are also yet to be paid their salaries in the past two months, it has been claimed.

Kyei is reported to have refused to dip into his personal coffers to cushion the team due to the torrential attack on his administration.

He is unhappy with the vituperative attack on his administrative style and has refused to further use his personal funds to run the club.

Club owner Otumfuo Osei Tutu II handed the club to the businessman three-years ago without seed money.

While others have praised him for funding the club from his personal resources, critics have also claimed he has made enough off the Ghanaian giants since taken charge.

The future of Kwame Kyei has come under scrutiny amid claims of mismanagement and lack of direction.

It remains to be seen if the club's life patron will take a decisive action in the wake of the mounting agitations.

 

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