Executive Chairman of Asante Kotoko Dr. K.K Sarpong will today address the media over the club’s recently incurred liabilities.
Kotoko has been hit with a 30-day ultimatum to pay whooping 99,000 Euros to former coach Hans Dieter Schmidt for his wrongful dismissal in 2005.
The club is also to pay $6,500 in refunds to Turkish side Gencelrbirligi following the transfer of Adamu Mohammed back in 2008.
The club in both instances incurred an extra combined cost of 12,000 Swiss Francs in legal charges.
Failure to meet the deadline set by Fifa within the stipulated time could lead to their relegation from the Ghanaian topflight.
This comes at a time when Kotoko are riding high and are on the verge of sealing the Ghanaian league title under the leadership of Dr. KK Sarpong who will break his silence over the issue on Sunday evening at an organized press conference at the Baba Yara Stadium after the Premier League game with New Edubiase.
Prior to that, Dr. Sarpong will meet supporter heads of the various regions who will converge in Kumasi today to take delivery of their quota of contribution coupons for their respective places of jurisdiction following the launch of a massive campaign to raise funds to offset the debts.
The Chairman at this press conference will be expected to give his official backing to the fund raising project and solicit support from all in that regard.
He is also to answer questions about how the liability was incurred and plans to ensure such occurrence does not emerge in future.
Kotoko currently lead the Ghana Premier League table with a healthy 10-point lead and are bent on meeting any challenge which could potentially jeopardize their position.
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