Asante Kotoko has announced the payment of debt to Tunisian Club, Esperance and FIFA over the wrongful registration of Striker, Emmanuel Clottey.
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.
The Porcupine Warriors had until May 17, 2020, to settle the debt or face a possible transfer ban on both national and international fronts.
“Dr Kwame Kyei has paid the amounts due Esperance and FIFA in the Emmanuel Clottey issue,” club Spokesperson, Kennedy Boakye-Ansah confirmed.
“Thirty thousand ($30,000) US Dollars goes to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu.
He added that “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.”