Osei Palmer tears into GFA once again

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Bankroller for Tema Youth Wilfred Osei “Palmer” has had yet another go at the Ghana Football Association (GFA).

Just last week, the GFA revealed that it had inherited a debt of GH¢ 11,106,550.00 from the previous administration.

Palmer who was the chairman of the Finance Committee under previous administration has rubbished those claims, insisting that the Association is not broke. He went on to challenge them to file for liquidation if indeed they are.

“First of all, there is nothing like Legacy debt in accounting. If Ghana FA says they are broke, then they should give registrar general department indication that they’re ready to file for what we called liquidation so that the registrar general department will appoint a liquidator to sell GFA assets to pay the debts else they should keep mute,” he told Nhyira FM.

“The 2019 financial statement is very clear that GFA had current assets of ¢800,000 as a short-term investment. GFA has raw cash of ¢3.3m as of June 2019. GFA liabilities as a short term was ¢4.105m. So total cash of ¢15.8m. GFA had a debt of ¢4.1m how can you say you are broke.”

“If you look at the financial statement of the Ghana FA , there is no way anybody can say the GFA is broke. You can only say you are broke when you can’t afford for your day to day expenditure,” he added.

He also went on to reveal that the Anas exposé is not the paramount reason behind Puma’s 30% financial package reduction on kits sponsorship deal.

He disclosed that it was rather Ghana’s failure to qualify for the FIFA 2018 world cup.

“Anyone who blames or say the Anas exposé caused the Puma sponsorship reduction has no shame”.

“I repeat, whoever that blames Anas exposé for the reduction is shameless because that is never the case. Ghana failed to qualify to the 2018 Fifa World Cup and as a matter of fact, that was the rationale behind that decision,” he concluded.

Palmer is currently challenging his disqualification from the 2019 GFA Presidential elections at Court of Arbitration for Sports.

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