Executive Chairman of Asante Kotoko Dr. Kwame Kyei has settled the full $240,000 fine from FIFA to be paid to Tunisian side Esperance for the illegitimate signing of Emmanuel Clottey.
The Porcupine Warriors just 2 weeks ago were slapped with a $240,000 fine after deferring an initial $180,000 fine as transfer fee for the illegally signing of the striker who was in the books of Esperance in 2015.
$45,000 of the additional $65,000 on the initial $180,000 transfer fee represented the accrued interest on the transfer, with the remaining $15,000 to be given to the committee which ruled on the matter
But Kotoko came into an agreement with the Tunisia side to write off $15,000 of the $45,000 accrued interest on the total figure. Thus Kotoko will instead pay $30,000 instead of $45,000 to Esperance as accrued interest.
The Porcupine Warriors were given up to May 17, 2020 as deadline to settle the debt or face a transfer ban on the national and international fronts.
Kennedy Boakye Ansah who’s the spokesperson of the club in an interview with Kotoko Express App divulged that the club has settled the fine.
“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,” he added.
Kotoko will now receive $150,000 from Esperance as transfer fee for Kwame Bonsu.