Ashgold not for sale — Fianoo

The Chief Executive Officer (CEO) of Ashantigold SC, Kudjoe Fianoo, says the club is looking out for strategic investors to ran the club to return it to the top in domestic and continental football.

Debunking rumours that the former Premier League champions,  Ashantigold, was being put up for sale, Mr Fianoo noted that the club was looking for partnership with its parent company Anglogold Ashanti so it could be run professionally.

There have been media reports suggesting that Ashantigold had been put up for sale due to financial difficulties facing its parent company which had shutdown its Obuasi mines, and was in the process of offloading its interest in some non-core business as part of a major restructuring. That assertion has, however, been denied by the club’s chief executive.

"The club decided to allow investors come on board to help in the running of Ashantigold.

"This does not mean the club is being sold outright because they come on board to run the club with their resources but you can't say it has been sold to them",  Mr Fianoo told the Graphic Sports.

Explaining the rationale behind the decision of the club’s owners to invite investors to take over the Soccer Miners, Mr Fianoo explained that the Obuasi mines were not producing at the moment, making the company financially unstable to take charge of the club and, therefore, necessitating the need for new investors to come on board.