Globacom Ghana pays USD 900,000 to Ghana FA as arbitration settlement

first_imgThe Ghana FA has revealed that telecom company, Globacom Ghana, has paid an amount of USD 900, 000 as arbitration settlement to the association with regards to the canceling of the league sponsorship contract that existed between the two parties.The deal was signed in 2009 and was due to expire at the end of the 2013/ 2014 league season.However, Glo failed to meet sponsorship obligations to the Ghana FA and eventually, the contract was terminated leaving Glo with outstanding debts to the Ghana FA.However, the Ghana FA stated that Glo had managed to reach a settlement with the Normalisation Committee before the Committee handed over.Glo paid an amount of USD 1,000,000 with the FA getting USD 900, 000 and the remaining amount going to the lawyer tasked by the NC to handle the settlement.Below is the full statement from the Ghana FA:“The Ghana Football Association (GFA) wishes to announce for the information of its members and all stakeholders that, an amount of $900,000 US Dollars, being arbitration settlement by Globacom Ghana has been bequeathed to it by the former Normalisation Committee of the GFA.The $900,000 US Dollars was paid into the GFA’s account on Wednesday November 27, 2019.As explained by the Normalisation Committee to the new administration of the GFA, Globacom Ghana paid an amount of $1,000,000 (one million) US Dollars to the Normalisation Committee as arbitration settlement for the unilateral abrogation of a sponsorship contract between the GFA and Globacom Ghana.The Normalisation Committee explained further that 10% of the total payment of $1m US Dollars, being $100,000 US Dollars, was paid as legal charges to the Lawyer the Normalisation Committee contracted to pursue payment from Globacom Ghana.”last_img read more

VIDEO: McDan Open West Africa starts on a thrilling note

first_imgThe McDan Open West Africa Tournament saw thrilling start with All Africa Games gold medalist Wisdom Na-Adjrago qualifying for the next stage.The tournament sponsored by McDan Shipping, Rush Energy Drink from Twellium Industries and West Blue Consulting, has a total prize money of  $5000 and is drawing a lot of enthusiasm. Wisdom Na-Adjrago who is also the current top seed, showed early signs of a leap into the final stages after seeing off fellow countryman Charles Asmani 6-1, 6-1. In an interview with Joy Sports, Na-Adjrago said his win was as a result of thorough preparations.  had done a lot of training . “I am prepared for every player in this tournament. I worked very hard and want to show it in my performances. My opponent is tough and can easily frustrate you with his play but I kept my cool and played well.”He was excited on his performance and is looking forward to replicating it as he progresses. “I played well today and kept the ball on the court. so it was good. I am looking forward to winning,” he said.In other results, Emmanuel Plange beat Bernard Ashitey Armah 6-1, 6-2. Isaac Titriku beat Francis Gbolonyoh in the best of three sets.Francis Akpese staged a spirited fight but was not strong enough for Isaac Dapaah, with the game ending 7-6, 7-6, 3-6, 6-2. The tournament’s first winner Japhet Bagerbaseh also booked a place in the next stage of the competition in two straight sets. Some big games are expected on Tuesday on Tuesdayh the likes of Nigeria’s Wale Babalola facing Ghana’s Andrews Appiah, Togo’s Kantanga John Paul will pit his strength against Ghana’s Stephen Nartey. Ghana’s Daniel Quartey plays  Kulibali Frederick of Cote d’Ivoire while Joel Meda of Burkina Faso faces B. Fumi of Ghana.Another Ivorian, Guillaime Kofi will seek qualification to the next phase as he battles Cedric Dzelu with Togo’s Bernard Alipoe playing Nii Noi Ababio.In other fixtures, Nigeria’s Michael Moses will pay Albert Nti of Ghana, while Benjamin Palm and Felix Hammond face off in an all Ghanaian tie.VIDEO   –Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more