{"id":345074,"date":"2017-08-15T11:53:18","date_gmt":"2017-08-15T11:53:18","guid":{"rendered":"http:\/\/citifmonline.com\/?p=345074"},"modified":"2017-08-15T11:53:18","modified_gmt":"2017-08-15T11:53:18","slug":"gfa-to-ask-gcb-bank-for-gpl-sponsorship-cash","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/gfa-to-ask-gcb-bank-for-gpl-sponsorship-cash\/","title":{"rendered":"GFA to ask GCB Bank for GPL sponsorship cash?"},"content":{"rendered":"

Following the announcement from the Bank of Ghana in relation to the takeover of Capital Bank and UT Bank on Monday, it is very likely that the Ghana Football Association (GFA) will get involved in the saga to find out how it can get compensation due to a deal it had with Capital Bank.<\/p>\n

The bank (then known as First Capital Plus Bank) and the GFA agreed a 5 -year sponsorship deal in 2014 for the Ghana Premier League worth 10 million US dollars.<\/p>\n

However, in 2015, the bank was re-branded as Capital Bank and decided to suspend the deal citing corporate restructuring as its reason.<\/p>\n

The FA has since been involved in a legal tussle with the bank for a breach of contract.<\/p>\n

However, the FA looks likely to put its case before GCB Bank Limited since the bank has been given approval by the Bank of Ghana to complete a \u201cPurchase and Assumption\u201d transaction which will hand GCB Bank assets and liabilities of Capital Bank.<\/p>\n

It is unclear when this situation is likely to be resolved but the GFA will certainly be looking on with interest since any form of compensation from GCB would help in supporting the Ghana Premier League which is strained due toa lack of finance.<\/p>\n

–
\nBy: Citi Sports<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the announcement from the Bank of Ghana in relation to the takeover of Capital Bank and UT Bank on Monday, it is very likely that the Ghana Football Association (GFA) will get involved in the saga to find out how it can get compensation due to a deal it had with Capital Bank. The […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[10175,564,216,5108,10177],"yoast_head":"\nGFA to ask GCB Bank for GPL sponsorship cash? - Citi 97.3 FM - Relevant Radio. 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