Kotoko have up until April 6 to escape a relegation threat from FIFA for failing to settle the transfer money of former striker Emmanuel Clottey.
Tunisian giants Esperance reported the Ghanaian side to FIFA after the latter failed to go by an agreement in 2015 where the North African side transferred their former player Emmanuel Clottey to Kotoko.
Clottey upon arriving at Kotoko could not glitter leaving the Porcupine Warriors in a cold situation to settle an amount of $180,000 which was agreed between the two parties.
In return, Esperance refused to pay Kotoko the transfer fee of Kwame Bonsu who moved to the Club from Porcupine Warriors in 2019.
This forced the Reds to also report the matter to FIFA who later ruled in favor of the North African side.
Kotoko now have 18 days to settle an amount of $30,000 or face the wrath of FIFA who have threatened to demote the Club from Ghana’s elite division.
“Kotoko have received a letter from FIFA which orders them to pay us $180,000 for the wrongful signing of Emmanuel Clottey,” Esperance vice President Walid Arem told Nhyira FM
“We don’t owe them but rather they owe us $30,000 and they have to settle us before the date stated in the letter from FIFA”
“We bought Kwame Bonsu for $150,000 and they also owe us $180,000. We need the money badly, so we’re waiting for it.”
The Ghana Premier League record holders will need to cough out the staggering amount in the coming days to avoid being relegated to Ghana’s second-tier.