Asante Kotoko have settled $240,000 fine imposed on them by FIFA for illegal signing of striker Emmanuel Clottey from Esperance in 2015.
The Porcupine Warriors were given a May 17, 2020 deadline to pay the money else will be handed a transfer ban locally and internationally.
“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, however, paid $30,000 to Esperance because the Tunisian side owes them $150,000 for the signing of midfielder Kwame Bonsu last year.
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.”
