Tema Real Sportive has said they have never been directly involved with the former Chairman of Kumasi Asante Kotoko, Herbert Mensah.
"To set the records straight, we wish to emphasise that Herbert Mensah has never been directly involved with Real Sportive".
A statement signed by the club and copied to GNA Sports on Friday also denied stories making the rounds that differences arose between the two parties over an attempt by Mensah to change the name of the club, describing it as totally unfounded and ludicrous.
The club was reacting to media reports about a purported parting of the two partners.
The statement said Mensah successfully brokered a deal between Sportive and an European consortium of investors led by Autumn Moon Limited at the beginning of last season.
It said the two signed a pact that required Moon to finance the club to the tune of not less than one billion old Ghana cedis.
Autumn Moon was said to have spent not less than three billion cedis on Sportive in the past year.
That arrangement was subject to review at the end of the season.
Following representations made by Autumn Moon after its Annual General Meeting, the management of the club recommended that the sponsors discontinue its financial support arrangement with the club.
Subsequently, the two sides decided to part ways with an understanding to fashion out a machinery for Autumn Moon to recover its investment in Sportive without it affecting the 2007/2008 premiership campaign of the club.
"We parted ways on a very amicable and cordial note and there has been no acrimony whatsoever between the two parties", the statement added.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Gideon Boako donates 10 industrial sewing machines to Yamfo Technical Institute
13 mins -
‘Golden Boy’ Abdul Karim Razak honored at WAFU-B general assembly
28 mins -
Buipewura Jinapor secures Vice Presidential position in National House of Chiefs with record votes
37 mins -
2024 election: I want results to come out like ‘milk and honey’ – Toobu
38 mins -
Ghana’s Henry Bukari hands over chairmanship of ECOWAS Brown Card Council of Bureaux
44 mins -
Residents of Dome-Kwabenya on edge ahead of December elections
1 hour -
Moffy drops new single ‘Wo’, blending culture and modernity
1 hour -
Don’t bring soldiers to polling stations – Martin Kpebu
2 hours -
Ogyeahohuo Yaw Gyebi II retained as President of National House of Chiefs
2 hours -
Embrace ICT to fit in digital world – Ho NYA boss to youth
3 hours -
We don’t want armed soldiers at polling stations – Tanko-Computer
3 hours -
Drama as police corner armed robbers inside locked forex bureau at Lapaz
3 hours -
NEIP CEO to Kwaku Manu: You can support any political party, but stop misbehaving in NPP colours
3 hours -
30% quota for less privileged shows Free SHS is inclusive – Ofosu Nkansah
3 hours -
Nigerian-born conquers childhood hearing loss to become KNUST’s overall best graduating student
3 hours