The top-flight side, Kumasi Asante Kotoko, has confirmed paying the $240,000 fine imposed on it by World football governing body, FIFA for transfer irregularities.
The Porcupine Warriors were given up to May 17, to settle the fine else will be handed a transfer ban internationally and locally.
FIFA’s Disciplinary Committee fined Kotoko for the illegal transfer of former Black Stars striker Emmanuel Clottey from Tunisia’s Esperance in 2015.
Thus a $240,000 fine was slapped on the club by FIFA, comprising $180,000 for the player’s transfer, $45,000 representing accrued interest and $15,000 for the failure to respect a FIFA decision.
“Dr Kwame Kyei has paid the amounts due Esperance and FIFA in the Emmanuel Clottey issue,” the club’s spokesperson, Kennedy Boakye-Ansah told Kotoko Express App.
Kotoko also reached an agreement with them to write off the $45,000 accrued interest.
“$30,000 go to Esperance as an addition to the $150,000 owed Kotoko for the transfer of Kwame Bonsu,” he said.
He added: “The Executive Chairman also paid $15, 000 to FIFA. We are grateful to Dr Kyei and also to Ashford Tetteh Oku of Close Marking Consult for the smooth closure of this case.”
Changes are expected at the management level of the club in the coming days or months.
Last week, Manhyia announced Dr Kwame Kyei, has submitted a report of his stewardship for the past three years to the palace.
The report is being evaluated for the consideration of club owner His Majesty Otumfuo Osei Tutu II, Asantehene.