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Glo Promises To Pay US$ 5.5m Owed Ghana FA
 
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30-Sep-2013  
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Former Ghana Premier League headline sponsor Globacom has promised to pay monies owed the Football Association.

The telecommunication giants took over as the headline sponsor of the league in a five-year deal worth US$ 15 million in December 2008.

Glo were expected to pay US$ 3 million to the 16 participating clubs per season until the end of the 2013/14 season.

At present, however, Glo owe the clubs a total of about US$ 5.5million – inclusive of the just-ended season’s sponsorship amount.

Head of Marketing Communications, Glo Mobile Ghana, Dominic Icha told Time Sports his outfit is determined to settle the arrears.

“Indeed, we do not intend to owe the FA. We have had the reason to stagger our payment and it is not an abnormal situation in any line of business,” he emphasized.

”Let me reassure the FA and clubs that the remainder of the package will be honoured. How soon, I cannot put a finger on – but I know it wouldn’t take long.

”We have had the cause to send a formal complaint to the FA about the need to ensure our rights are respected, but we have not seen any significant improvement.”

Until recently, the 16 Premier League clubs had agreed with the FA to waive 10 percent of the amount owed them after Glo made a promise of clearing up the ‘debt’ to the clubs by the end of May 2012.

Glo were expected to pay US$2.3million after discount. The clubs have reportedly rejected a further five per cent discount request by Glo because the Executive Committee of the GFA has agreed on the arrangement without their consent.

The clubs are now said to be demanding a 100 per cent payment (approximately $2.5million) plus the total amount for the 2011/12 season.

 
 
 
Source: Ghanasoccernet.com
 
 

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