Hearts board member resigns; Togbe Afede accused of poor financial management

Information gathered by JOY Sports reveals that Accra Hearts of Oak board member in charge of sponsorship, Apiigi Afenu has fallen out with the board chairman, Togbe over financial mismanagement

The two are said to have had differences over the delay of salaries for Secretariat staff, players and high interest rates on borrowed monies from his SAS group.

Both are said to have also disagreed on the club’s recruitment budget.

Apiigi is said to have objected to the Board Chairman’s methods of operation accusing him not taking prudent financial measures to save the fortunes of the company.

Apiigi’s departure has created a vacancy on the club’s board and reports are that other members of the board could follow suit.

His departure has also raised legitimate questions about the financial position of Hearts of Oak.

Meanwhile, sources close to JOY Sports say even though the team did beat Kotoko last Saturday fans of Hearts of Oak have insisted on kicking the Board Chairman out of the club and are said to have planned  to go on an organized demonstration to state their case. Story by Ghana/Joy Sports

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