You are here: HomeSports2003 02 10Article 32625

Soccer News of Monday, 10 February 2003

Source: .

Herbert Offerred 70% Stake In Faisal

Former Kumasi Asante Kotoko Chief Executive Herbert Mensa is reported to be negotiating to buy 70% of King Faisal football club. The president and founder of King Faisal, Alhaji Abdul Karim Grunsah says he intends to take a back seat after he concludes negotiations with Herbert Mensah who will then become the club’s CEO and the majority share owner.

King Faisal is a mid table premier league club which is also based in Kumasi but lives in the shadows of the more glamorous Asante Kotoko.

The life Patron of Kumasi Asante Kotoko, the Asantehene Otumfuo Osei Tutu dismissed the board of Directors and the management of the club due too irreconcilable differences between the two bodies. The dissolution of the management meant that Kotoko’s immensely popular and charismatic CEO, Herbert Mensah was out of job.

Myjoyonline gathers that King Faisal’s founder, Karim Grunsah a long time admirer of Herbert Mensah’s popularity with the fans and his acute knowledge of marketing football clubs will stand King Faisal in good stead.

The two personalities held preliminary talks last week but final talks will be concluded next week Friday.

The move by Herbert Mensah to King Fiaisal will send shockwaves in Kumasi.

While the fans are prepared to stick with Herbert Mensah, some Kotoko loyalists have tagged move as deliberate and potential of soliciting the support base of Asante Kotko.

Herbert Mensah has so far been silent on the issue. This is not the first time in Ghana that high profile officials have crossed carpets.

Hearts Of Oak’s former CEO Harry Zakour joined Hearts fro to form his own club AC Olympiakos fashioned in many ways after Great Olympiakos.

George Adusei-Poku, former Chairman of Kotoko who was also sacked in 1998 joined Swedru All-Blacks.