AshantiGold CEO Kudjoe Fianoo has dismissed media reports that South Africa-based Forwardzone have bought the club.

He rather explains that the two parties are close to agreeing a deal which will formally bring on board the online sports betting outfit Betway as their sponsors.

"We are in talks with Betway to sponsor the club but not to take over permanently as people are speculating," Fianoo told Graphic Sports in an interview.

"As it stands now we are 75 percent complete with talks and I can promise you that they will be our sponsors during the new season."

Forwardzone is a Football Strategy and Advisory business that specializes in providing world-class expertise and high impact strategic solutions that simultaneously stretch brands into the realm of football and create shared value for our clients and their consumers alike.