Nana Yaw Amponsah reveals how he helped Kotoko to save over $120,000 – [Happy FM]
Asante Kotoko Chief Executive Officer Nana Yaw Amponsah has revealed how he employed his managerial craft to help Porcupine Warriors to avoid paying outstanding signing on fee in excess of GHS1m.
The young and dynamic CEO also revealed on the show that he inherited a legacy debt amounting to over $200,000 relating to unpaid signing on fee of players.
The 2019 Ghana FA President candidate told Happy FM’s Sports host Ohene Bampoe Brenya how he employed his managerial capabilities to fend off potential debt cases arising from unpaid sign-on fees.
“When we assumed the role as management of Kotoko the club had 38 players. So we tasked head coach at the time Maxwell Konadu to furnish us with a comprehensive report on the squad. After he did his work he communicated that he would want only 19 out of the 38 players which meant 19 players had to leave. Even out of the 19 he wanted to retain Justice Blay and Anim Cudjoe were not our players,” he said.
“After representing players all my life you don’t expect me to treat players anyhow when I’m steering affair as head of the management. As a club we engaged these players at management level and it first started from the head coach who explained to them individually his plans for them. We sat with all of them and terminated with at least 14 of these players. Even those who ended at the status committee were engaged. But, they later opted to report the club to the status committee,” he further explained.
“The reasons why they went to the status committee was their outstanding signing on fees. When we took over there was an outstanding of GHS1,455,000. Management came with a policy that we were not going to do signing on fees. The outstanding signing on fees were not pertaining to players who were signed during my era. Out of about 18 players were able to convince 14 players to accept our package. We did all that to save the club and it was left with just about some 4 players who decided to act otherwise. We didn’t have to fight the four players over the signing on fees because that would have meant we were ready to pay the players who were still with us and we were owing them,” he concluded.
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