Asante Kotoko owner and life patron Otumfuo Osei Tutu II has set up a committee to investigate the circumstances leading to the club’s financial saga with Tunisian giants Esperance de Tunis.
The Porcupine Warriors have been hit with a $240,000 FIFA fine for breaches in their contract with former Esperance striker Emmanuel Clottey.
The judgment debt has triggered massive confusion at the club.
However, the club’s owner Otumfuo Osei Tutu II, has set up a committee to investigate the matter and other troubling issues confronting the club.
They have four weeks to submit its report to the King of the Ashanti kingdom.
“Investigate all the circumstances surrounding Asante Kotoko Sporting Club transactions with Tunisian Club Esperance which resulted in the FIFA ruling and the subsequent transfer of another Asante Kotoko player to the club.”
“To investigate the failure of Asante Kotoko SC to meet its regulatory obligations to the Premier League licence.”
The tenure of the club’s Executive chairman Kwame Kyei has come to an end, Manhyia Palace has reported in the statement signed by Chief of staff Mr. Kofi Badu.
Read below the full statement: