
Audio By Carbonatix
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:
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.
Latest Stories
-
Free golf training empowers underprivileged girls in Accra
2 minutes -
Why SIGA’s reset is not a market sin, but a national necessity
5 minutes -
SIGA Directive: Beyond the theatre of institutional displacement
8 minutes -
Boso Odweegyi Festival 2026 launched with call for unity, cultural preservation
8 minutes -
YEA clears majority of beneficiary arrears, assures completion of outstanding payments
46 minutes -
AfCFTA key to building globally competitive African businesses – Zambia envoy urges Ghanaian CEOs
58 minutes -
Albert Kobina Mensah, soil pollution and remediation: Risk assessment, phytoremediation, revegetation
1 hour -
GIFEC supports national rollout of One Million Coders Programme with laptop presentation
1 hour -
Old Tafo MP rolls out street lights project to boost security and night-time economy
1 hour -
Telecel Ghana CEO urges urgent education reform and stronger industry-academia partnership at UEW Public Lecture
1 hour -
Nigerian army general and several soldiers killed in assault on military base in northeast
2 hours -
Dagbamete chief urges completion of road project, expansion of vocational training
2 hours -
Urgently cancel Truedare AI Customs deal over cost concerns – Joseph Cudjoe to Mahama
2 hours -
Poor safety habits to blame for recurring boat fatalities — GMA boss, Kamal-Deen Ali
2 hours -
Owabi 75% blocked, Barekese loses 40% capacity as siltation, plastics threaten water supply crisis
2 hours