{"id":97924,"date":"2023-09-07T06:25:14","date_gmt":"2023-09-07T06:25:14","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/09\/07\/i-bought-ashgold-1-dr-kwaku-frimpong-reveals\/"},"modified":"2023-09-07T06:25:14","modified_gmt":"2023-09-07T06:25:14","slug":"i-bought-ashgold-1-dr-kwaku-frimpong-reveals","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/09\/07\/i-bought-ashgold-1-dr-kwaku-frimpong-reveals\/","title":{"rendered":"I bought Ashgold $1 – Dr Kwaku Frimpong reveals"},"content":{"rendered":"

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Dr Kwaku Frimpong <\/figcaption><\/figure>\n<\/div>\n

President of the now-defunct AshantiGold SC, Dr Kwaku Frimpong\u00a0has dismissed claims that, he is not the owner of the embattled club.<\/p>\n

The Miners have been demoted due to their dealings with Dr Frimpong.<\/p>\n

Speaking on Asempa FM\u2019s Sports Nite Show, he said he bought the club from AshantiGold mining company back in 2018.<\/p>\n

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He disclosed that, he purchased the club for a just $1 but inherited a substantial debt burden amounting to a staggering $450,000.00.<\/p>\n

To demonstrate his commitment to the club\u2019s future, Dr. Frimpong said he cleared the debt as part of the acquisition.<\/p>\n

\u201cI bought AshantiGold for just $1, but they had debts of $450,000.00, so I had to also clear the debt as part of the purchase of the club,\u201d he stated.<\/p>\n

Ashgold were demoted to Division Two League after they played a match of convenience with Inter Allies\u00a0on the final day of the 2020\/2021 season.<\/p>\n

This led to a ten-year ban imposed on Dr Frimpong, the club President. His son Emmanuel Frimpong, was also slapped with a year ban.<\/p>\n

They are currently contesting these bans in the Accra Human Rights Court.<\/p>\n

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