Posted by Kumasi Asante Kotoko has become the first Ghanaian club to agree on a pay cut amidst the Coronavirus pandemic.
The coronavirus pandemic has had huge impact on the finances of most clubs. In bid to avoid further financial collapse, most clubs around the world are implementing a salary cut, and Kumasi Asante Kotoko has become the first Ghanaian side to do so.
According to the General Manager of the club, Nana Kwasi Gyembibi Cooker, the players and all technical bodies of the club agreed to accept a 40 percent pay cut to ease the club’s financial burden during this tempestuous time.
“It is something we initially discussed at management level”
“We considered our situation and our financial strength in containing our expenses and measures to help sustain the club during the suspension of the league due to Covid-19 and we considered pay-cut as one of the measures.”
“We called the coach and tasked him to engage the players on our behalf and he has reported back to us they have listened to our plea and have accepted a pay cut.
“It is a 40% pay-cut and will be implemented soon.”
The Porcupine Warriors are racing with time as they also have a $240,000 fine to settle.