[ 2013-07-29 ]

The Transfer of Ben Acheampong, Nii Agei and Yaw Frimpong
The transfer saga of former Kumasi Asante Kotoko
Striker Ben Acheampong to Angolan side Petro
Athletico has been cleared.

Joy Sports investigations have revealed the Former
Wa All Stars player was indeed sold for US$ 150,
000 after signing a three year deal.

After investigations into the transfer issue
following the Ghana Football Association President
Kwasi Nyantakyi's accusations that resigned CEO of
Kotoko Dr K K Sarpong under-declared the transfer
fee for the striker.

Kumasi Asante Kotoko signed a transfer agreement
with Petro Luanda of Angola on the 29th of
November, 2012.

The total transfer sum was one hundred and fifty
thousand US dollars which was subsequently
transferred into the accounts of the club at
Fidelity Bank, Ahodwo Branch in Kumasi on 3rd
December 2012.

Kotoko also signed a cooperation agreement with
Petro Luanda in which Kotoko offered the Angolan
club, among other things, the rights on players
from its youth academy in exchange for the sum of
one hundred thousand US dollars (US$100,000) which
was also paid into clubs dollar account at
Fidelity Bank Ahodwo branch on 3rd December 2012.

The sum of US$100,000 in respect of the
Cooperation Agreement was paid to Kotoko from
which a commission of 15% amounting to US$15,000
was paid to the agents.

However, documents sighted by Joy sports confirmed
that the transfer fee from Petro Athletico for Ben
Acheampong was $150,000 with a co-operation fee of
$100,000 between the two clubs and not the
purported $250,000 reported for the transfer of
the player.

The distribution of the transfer sum generated
controversy as Nyantakyi owner of Wa All Stars
claimed that they are entitled to a share of the
sum accruing from the Cooperation Agreement as
well.

The cooperation agreement insists that Kumasi
Asante Kotoko ensure the unveiling of a plaque
acknowledging the contribution of Petro Athletico
to the construction of the building completion.

Asante Kotoko’s position at the time was that
the cooperation agreement which was documented had
no link with the transfer of the player and Wa All
Stars can test the legality of Kotoko’s position
if they so wish, through the Player Status
Committee of either the GFA or FIFA.

The distribution of the transfer sum of US$150,000
for Ben Acheampong was as follows:

GFA Commission: US$12,750
Agency: US$22,500
Former Club(Wa All Stars) US$45,900
Kotoko: US$68, 850
Total: US$150,000

Defender Yaw Frimpong was sold to TP Mazembe of
Congo Democratic Republic on 17th October, 2012
for a sum of one hundred and fifty thousand US
dollars.

The distribution of the transfer sum of US$150,000
for Yaw Frimpong was as follows:

Solidarity Mechanism: US$7,500
GFA Commisssion: US$15,000
Agency: No Agent
Former Club(Feyenoord) US$39,620
Kotoko: US$87,880
Total: US$150,000

Midfielder Daniel Nii Agyei was also sold to TP
Mazembe of Congo DR on 17th October, 2012 for a
sum of one hundred and fifty thousand US dollars
(US$150,000)

The distribution of the transfer sum of US$150,000
for Daniel Nii Agyei was as follows:

Solidarity Mechanism: US$7,500
GFA Commission: US$15,000
Agency: No agent
Former Club (Noorchip) US$49,400
Kotoko: US$78,100
Total: US$150,000

Kumasi Asante Kotoko after closing the transfer of
the two players with TP Mazembe took advantage of
its business relationship with the Congolese
giants to sell the idea of the youth development
program to them and solicit for funds for the
construction of a youth hostel as they had
previously done with Petro Athletico which was
successful.

This led to the signing of a Cooperation Agreement
in which TP Mazembe paid Kotoko one hundred
thousand US dollars which was transferred to the
clubs account on 31st October 2012.

So for the records the Transfer fee of Daniel Nii
Agyei and Yaw Frimpong to TP Mazembe was US$
300,000 which was paid into Kotoko’s dollar
account on 1st November 2012 with a cooperation
agreement fee of US$ 100,000 which for the
construction of a youth hostel which was also
earlier paid into the dollar account on 31st
October 2012.

Source - MyjoyOnline

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