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20.11.2008 Football News

Korean To Run All Blacks

A Korean is expected to take over as Chief Executive Officer of Gamba All Blacks following the latest phase of structural changes in the club.

When appointed, the expatriate will take over from the club's former majority shareholder, George Afriyie, who has already assumed a new role as Deputy Chief Executive of the club.

The restructuring has come about after Toshihiro Iwasa, the Japanese businessman who initially partnered George Afriyie, acquired 70 per cent shares in the club.

After Mr Afriyie confirmed the new deal that had brought Mr Iwasa back to the club to the Daily Graphic yesterday, the club's new management was introduced to the Ghana Football Association at a brief ceremony in Accra.

Under the new arrangement, according to Mr Afriyie, the chief executive will be appointed by the board chairman, Mr Iwasa, while the second highest shareholder will maintain the vice chairmanship on the board.

Mr Afriyie, whose once 59 per cent share of the club made him majority shareholder, now holds 20 per cent share, while the local traditional council and Nana Abena Gyimah, Mankrado of Agona Swedru, have five per cent share each.

Meanwhile, following the changes four persons who belonged to the former administration, including director of communication, Fiifi Banson, have resigned en bloc.

Story by Micheal Quaye

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