AshGold To Lose Financier

AngloGold Ashanti, financiers of Ghana Premier League (GPL) side, Ashanti Gold Sporting Club, won’t finance the club anymore at the end of this year.

The mining company which has main office in Johannesburg, South Africa, is financially handicapped and do not intend to finance club.

Sources say the Company is not operating in Obuasi anymore and can’t continue to support the club.

The company, which began operations in Ghana in 2004, had wanted to end their financial responsibilities last year because they borrowed from their mother house in Johannesburg, but the intervention of head of Operations in Ghana, Mr. Keli Pheli saved the club, and they are not ready to continue anymore.

Sportscrusader.com has gathered that about four companies are ready to step as investors, but an agreement is yet to be reached.

The reason behind the Board of the club reluctance to sign on one of the companies as the chief investor is unclear, but sources say Mr. Nana Ampofo, who is leading the negotiations confirmed signing pre-agreement with on of the investors.

The said (name withheld) has also shown readiness to finance the club on probation for a year, and if they are convinced, he will take full control of the club.

AshGold To Lose Financier

NCC To Meet AngloGold Hierarchy

The National Coordinating Committee (NCC), a supporters union of AshantiGold Sporting Club will meet the hierarchy of AngloGold Ashanti this week, to thrash out issues affecting the club, Sportscrusader.com can confirm.

The supporters of the Miners issued a three-day ultimatum to the financiers of the club, demanding that the management members relinquish their post, while CEO Kudjoe Fianoo should have his salary slashed by fifty percent (50%).

The ultimatum ended on Friday, 15 April, and some members have showed their willingness to resign, while others have have been reluctant though they have forwarded the letter to AngloGold.

AngloGold is yet to respond to the demands of the NCC, and they are expected to hold a meeting this week to clarify their silence.

 

NCC To Meet AngloGold Hierarchy

AshGold Open For Investors

Ghanaian Premier League (GPL) side, Ashanti Gold Sporting Club has opened their doors for investors, sportscrusader.com has learnt.

AngloGold Ashanti, financiers of the club is financially handicapped and is ready to give out shares of the club to interested individual(s) or corporate body (ies).

The defending league champions is facing financial difficulties due to AngloGold’s inability to meet the demands of the club.

Sportscrusader.com understands that the club, was ready to sell two of their key players – Emmanuel Osei Baffour and Kadri Mohammed to raise some money for the club.

But AngloGold blocekd the deals,with reasons that selling players does not reflect in the finances of the club.

AshGold Open For Investors

AngloGold Block Sale Of AshGold Duo

Anglo Gold Ashanti, financiers of Ashanti Gold Sporting Club, has blocked the sale of Emmanuel Osei Baffour and Kadri Mohammed.

CAF Champions league defending champions, TP Mazembe approached Ashanti Gold for the services of their most creative player, with a mouthwatering offer and the management of the club, spearheaded by Kudjoe Fianoo were ready to sell the player to raise funds for the club, but the deal was blocked.

An unknown club also approached the Miners for instrumental defender, Kadri Mohammed, but the deal was also scuppered by AngloGold.

The reason given by the financiers of the club, according to sportscrusader.com sources, is that the club has benefited nothing from the sale of certain key players.

AshGold, is yet to receive the entire money from the sale of Bernard Morrison, who left in August last year to AS Vista of DR Congo.

AngloGold says the sale of players has not reflected on the financial muscles of the club,  and they will not lose their key players for nothing in return.

 

AngloGold Block Sale Of AshGold Duo

AshGold Financial Situation Not That Bad - Cudjoe Fianoo

Ashanti Gold Chief Executive Officer Cudjoe Fianoo has rubbished media reports that the club is financially handicapped.

AshGold, last season’s winners of the Ghana Premier league, will represent Ghana in the upcoming CAF inter-club football competition, Champions league.

But reports in the local media claim their African campaign which begins next month is in danger due to financial constraints.

But Cudjoe Fianoo says those reports are way of the mark. Though he admits the club actually face some financial problems because AngloGold Ashanti, financiers of of the club are going some changes, but the situations is not as bad painted in the media.

“It is not every Ghanaian that is interested in the mining industry, but the business world is aware that AngloGold Ashanti, the main financiers of our club are going through some changes,” Fianoo told Joy FM

“Now, the mines is not operating so definitely if you were used to getting money in three days now it will take four to five days but that doesn’t meant that they are not willing to help.”He said.

Cudjoe Fianoo believes that anxiety has set in because their CAF Champions league match against MO Bejaia is nigh, but the problems has no effect on the players focus on the match set for February 14.

“When the match day is getting near definitely there will be some panicking but the situation is not that bad, they still recognise the club as their own and they are doing everything possible to ensure that we do well in Africa.

“What is happening is not having an effect on the players and technical team, for them they are still on their preparations for next month’s game.”

AshGold Financial Situation Not That Bad - Cudjoe Fianoo