A scandalous revelation has emerged that the Ghana football Association receives a staggering amount of €900,000 euros annually for the PUMA kit deal.
Ghana-Puma sponsorship deal has been in existence since 2005 but details of the agreement are unknown.
Atinka TV’s Saddick Adams revealed a document on his ‘Sports Court Show’ on Monday, amazingly showing the quantum of money Ghana gets from the partnership.
“Aside the supply of apparels, the German kit company pays the Ghana FA an “ANNUAL FIXED FEE” of €900,000. First tranche of € 425,000 in June, and the remainder before 31st of December every year, “ he revealed.
Now, that money does NOT sit in the Ghana FA accounts, and has NEVER been properly accounted for.
This is at least from the 2010–2015 year copies of the GFA budget statements available to our outfit.
The contract was signed by the GFA president ALONE, and NO current member of FA (including the vice) can claim knowledge of how these monies have been received and disbursed from Thursday 2nd September 2005, when the deal was signed.
Previously when this question has come up, the GFA boss would come up with a very lame defense that, Puma ONLY supply kits to Ghana – without any additional financial commitments.
For PUMA to place their brands on a big team like the Black Stars, to play and give the company such global mileage in AFCON and World Cups. Only for jerseys and training kits? .
The BBC reported the Ghana FA and Puma deal to be worth $12million in 2005. When both parties agreed to a 4 year extension in January 2008, BBC again reported the deal to have risen to $25 million. A new extension was again signed in 2015. These are figures quoted by BBC, a platform that would independently very from sources before putting such figures public.
So the Ghana FA essentially implying that Puma are ONLY supplying jerseys to the tune of over $20 million within 4 years? What sort of kits could it be? How much is a gold-plated shirt?
Why is the GFA Vice President not privy to this contract and monies? How can all sports minister come and exit claiming ignorant of this? How come the Emergency and Executive Committee members have been there for years without questioning this?
“I’m calling on Ministry of Sports, EOCO, BNI, Ghana police to investigate the issue,” he further added.
How come politicians are careless pumping money into a team that attracts a kit deal of $25million in just 4 years? Why don’t they question where that money goes?
Why is nobody allowed to sign and or read that contract EXCEPT the president, for the past 12 years?
These revelations depict that Ghana should benefit financially and also should have gained form the kit sponsor a training facility for the Black Stars.