Kotoko owed over US$ 324,000 by foreign clubs on transfers

Published on: 24 July 2013
Kotoko owed over US$ 324,000 by foreign clubs on transfers
Alex Asamoah during his arrival at Entete Setif.

FIFA has directed three foreign clubs to pay Ghanaian side Asante Kotoko a combined sum of US$ 324,000 as unpaid transfer fees of three clubs.

The clubs failed to promptly settle debts owed the club for signing its players.

Kotoko's legal representative Minkah-Premo & Co officially wrote to FIFA to claim their due fees from the three clubs after the delayed payment for Nathaniel Asamoah, Alex Asamoah and former captain Jordan Opoku.

Striker Asamoah was sold to Serbian giants Red Star Belgrade in a 200,000 euro ($264,000) deal for four years.

After several appeals over the course of over 18 months, FIFA has ordered the Belgrade club to settle the fee with a 5% interest from the original due date.

Algerian club ES Setif have also suffered a same fate as FIFA has ordered them to pay up the US$ 40,000 balance from the purchase of striker Asamoah in August 2011.

They are also liable to a 5% interest from the date of 0da5d4e61ec3df84e9e4d5d71fdb6f07 of the initial transfer fee of US$ 80,000.

Midfielder Opoku was loaned out to Albanian side Dinamo Tirana for four months in 2011 for US$ 20,000 which has not been settled till date.

Dinamo Tirana has also been ordered to defray the debt with an additional 5% interest.

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