Berekum Chelsea paid up debt to escape relegation threat


Berekum Chelsea Chief Executive Officer Nana Kwame Nketia

Berekum Chelsea Chief Executive Officer Nana Kwame Nketia

Berekum Chelsea have paid $70,000 to settle its indebtedness to West African Football Academy in an ordeal which almost plunged the Blues into relegation.

Chelsea had the points docked by the Ghana FA?s Disciplinary committee from their Premier League matches from February 4 restored by the Appeal?s Committee over a debt owed WAFA as their share of the proceeds received for the transfer of Solomon Asante to TP Mazembe in 2013.

The point?s deduction which was punishment for Chelsea?s inability to settle their debt to WAFA at the time almost saw the club demoted until the decision was overturned by the appellate body.

The Blues have now settled their debt to WAFA which originally stood at US$59,722.23 with interest to clear itself of any further sanctions.

?We have paid $70,000 to WAFA,? Berekum Chelsea Chief Executive Nana Kwame Nketia confirmed to Kumasi-based Angel FM.

?In Ghana by DealNoDeal” class=iimkeptp href=”about:blank#”> currency I think it?s about GHC 270,000.

?We had secured an undertaken with WAFA and we were always going to fulfill it.

?This undertaken works everywhere but people don?t understand.

?Chelsea and Red Star Belgrade have gone into an undertaken before, Kotoko and Feyenoord, Hearts of Oak and David Duncan, Hearts of Oak and Power FC, AshGold and Sfaxien have all entered into an undertaken at several points in time.

?This is what informed my confidence that there was no way anyone can dock us points.?

It is unclear where Chelsea known to be facing serious financial challenges secured the funds to offset its debt.

The settlement now saved the club from any further suit in that regard.

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