Asante Kotoko settle $240,000 Esperance debt

Asante Kotoko settle $240,000 Esperance debt

Asante Kotoko have finally settled their $240,000 fine imposed by FIFA over the wrongful registration of striker, Emmanuel Clottey in 2015 have been settled, the club confirmed on Wednesday.

Here is the official statement from the club:

The debt owed Tunisian club, Esperance, and FIFA over the wrongful registration of striker, Emmanuel Clottey in 2015 have been settled.

Executive Chairman, Kwame Kyei paid the Tunisians to clear the fine imposed on us by the world football governing body, FIFA.

A $240,000 fine was slapped on the club by FIFA, comprising $180,000 for the player’s transfer, $45,000 representing accrued interest, and $15,000 for the failure to respect a FIFA decision.

Thus $30,000 was paid to the Tunisian side after reaching an agreement with them to write off the $45,000 accrued interest on the total figure.

FIFA gave us up to May 17, 2020, to settle the debt or face a transfer ban on the national and international fronts.

Club Spokesperson, Kennedy Boakye-Ansah tells Kotoko Express App that both clubs have written to FIFA to officially inform it of the settlement.

“Dr Kwame Kyei has paid the amounts due Esperance and FIFA in the Emmanuel Clottey issue,” he confirmed.

“Thirty thousand ($30,000) US Dollars go to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu.

“The Executive Chairman also paid $15, 000 to FIFA. We are grateful to Dr. Kyei and also to Ashford Tetteh Oku of Close Marking Consult for the smooth closure of this case.”