Asante Kotoko have settled their debt owed Tunisian club, Esperance for the illegal signing of Emmanuel Clottey in 2015.
Africa’s club of the last century had until May 17, 2020 to pay the $240,000 fine imposed on them by world football governing body, FIFA, after they breached agreements surrounding the player’s transfer.
It involved $180,000 transfer fee, $45,000 accrued interest and an additional $15,000 fine for their failure to respect a FIFA decision.
The porcupine warriors could have received a transfer ban from FIFA in case they failed in paying the debt.
But Spokesperson of club, Kennedy Boakye Ansah has confirmed that the fine has been fully settled.
“Dr Kwame Kyei has paid the amounts due Esperance and FIFA in the Emmanuel Clottey issue,” he indicated.
He said Kotoko paid the remainder of the transfer fee after reaching an agreement with Esperance to waive-off the $45,000 accrued interest.
“Thirty thousand ($30,000) US Dollars go to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu.
Mr Boakye Ansah added that, “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.”