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Kotoko denies making Schmidt payment, intensifies fund raising project

Published on: 10 April 2012

By Ameenu Shardow

Asante Kotoko have denied making a $25,000 payment to former coach Hans Dieter Shmidt as widely speculated in the local media.

The Kumasi-based club is to pay the German a whooping 99,000 Euros for his wrongful dismissal in 2005 within 30-days or risk getting relegated to to Ghana’s third tier league.

It has been reported that the Premier League leaders have made a down payment of $25,000 to the 64-year-old but the club’s Public and Supporter Relations Manager Listowell Yesu Bukarson says it is pure speculation which should be dismissed.

“No payment has hit Mr. Schmidt’s accounts yet, and management would like to appeal to the media to eschew the sense of speculations on this sensitive issue that has the potential of compounding the situation at hand,” he told

Bukarson however confirmed the club is making pragmatic provisions for the said amount to be paid from its quota of the league’s sponsorship package from telecommunications giant, Globacom Ghana as it continues with its massive fund raising projects to pay off debts.

“Kotoko have written to the GFA to set aside $25,000 from it share of $52,000 Glo sponsorship towards settling the Shmidt-Fifa judgement debts.

“Management is desperately maximizing all possible fund raising avenue available to the club to make up the required amount to offset the debts within time.”

The club have thus activated it special mobile shortcode ‘1935’ to support the fund raising project.

Fans and other potential contributors are required to text ‘Kotoko’ to the short code only reserved for MTN users to donate one Ghana cedis per message.


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