AshGold part ways with Fortia
AngloGold Ashanti, owners of Ghanaian Premier League side AshantiGold Football Club, have severed ties with the British-based consortium Fortia over the management of the club.
Fortia in September last year announced their take-over of the Obuasi-based club and promised to transform the club.
AshGold last won the league in 1996 and were losing finalists to Raja Casablanca in the Caf Champions League the following year.
A statement on Friday read: "AngloGold Ashanti wishes to confirm that it has mutually agreed with Fortia Limited to discontinue talks on a possible take over of AshGold Football Club."
The club's board of directors have set-up an eight-man interim management committee to take over the running and direction of the club.