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Kotoko officials braced for more liability revelations

Published on: 02 April 2012

By Ameenu Shardow

Officials of Asante Kotoko are bracing themselves for more revelations over incurred liabilities.

Thew Kumasi-based club are in serious trouble with Fifa who have ordered the payment of a whooping 99,000 Euros to coach Hans Dieter Schmidt for his wrongful dismissal in 2005.

Kotoko is also to pay $6,500 in refunds to Turkish side Gencelrbirligi following the transfer of Adamu Mohammed back in 2008 and also attract an extra 12,000 Swiss Francs in legal charges for the two cases.

And just when the club's Board and Management were getting their grips on the prevailing issues, news broke again on Monday over a 30,000 Euro fee to pay for the transfer of Shilla Illiasu to Russian club FC Saturn in 2006.

It could only get worse for the Porcupine Warriors and officials are bracing themselves for even more revelations of administrative lapses in the past.

"The news come to us like a sucker punch (Illiasu's revelation) and it's quiet clear to us that with the way things are going we might probably have to deal with more revelations," the club's spokesman Listowell Bukarson told GHANAsoccernet.com.

"The Board and Management are however determined to face the issues head-on and see how best we can steer the club through this difficult period."

The club has however started servicing some of the recently incurred debts, with news of their preparedness to pay an initial $40,000 to Schmidt sometime this week.

It however remains to be seen if Kotoko will be able to beat the 30-day ultimatum to complete payments or risk getting relegated from the Ghanaian topflight.

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