According to him, the Board of the company realised spending on recurring expenses like sponsoring the Black Stars will is not be financially prudent in the long term. According to him, after wide consultation with key stakeholders within the company, they decided to invest in things that will last longer and will be of benefits to the development of the game at the grassroots since its the future of the country in terms of football.
"Sponsoring the Black Stars was a very good initiative but we can not continue pumping money into something that the future generations won't benefit from it. Yes the Black Stars brings excitement to the the country but when we invest in Infrastructure, this current generation will benefit from it and also the unborn generation".
"The Oil won't last forever so we have to make good use of the monies coming from the Oil at this point at the money is coming".
He further explained that each Astro Turf will cost amount of $250,000.00 so paying $3,000,000.00 to the Black Stars each will mean that Ghana could've had 12 pitches which he sees as more financially appropriate for the company.
Dr. Kwame Baah-Nuakoh is a former management member of Asante Kotoko and has also worked as a Sports journalist with Radio Gold and Adom FM.
By: Benjamin Owusu