Top Four Clubs To Receive ¢120m Each
The four teams which have qualified to participate in the next edition of the Ghana League Clubs Association (GHALCA) Top Four competition are to receive ¢120 million each towards their preparation for the tournament.
The tournament dubbed "Cola- Cola Top Four Tournament" will see defending champions and the 2003 premier league champions, Kumasi Asante Kotoko Accra Hearts of Oak, Liberty Professionals and new entrants King Faisal vying for honors from January 11 to February 15, 2004.
Mr Kudjoe Fianoo, Administrative Manager of GHALCA, who disclosed this to the GNA Sports said after a meeting with the four participating clubs, the association decided to give out the said amount to enable the clubs to start their preparations. He said following the agreement, the official sponsors of the tournament, Coca-Cola Company Limited is expected to make their first payment of the ¢1.2 billion sponsorship deal for the tournament.
According to Mr Fianoo, the money would be disbursed to the participating clubs as soon as it is paid. He revealed that the prize money for the overall winner would be ¢50 million while ¢30 million goes to the second-placed team, with the third and fourth placed team going home with 20 and ¢10 million respectively.
He said the issue of gate proceeds ended in a deadlock since some of the participating clubs are demanding a greater share of the gate proceeds following their large following.
The Administrative Manager said another meeting would be held before the tournament kicks off for this issue to be settled.
Mr Fianoo said as a motivation for match officials, the GHALCA has increased the officiating fee to one million cedis per match for match officials to ensure a high standard of officiating. He said participating clubs would be made to register their jerseys for the competition and a fine would be imposed on clubs who violate this agreement.
The Ghana League Clubs Association (GHALCA) has fixed Sunday January 11 for the start of the much-publicized annual Top Four competition.
The tournament which will be held at the Accra and Kumasi Stadiums with the qualification of two teams each from Accra and Kumasi is expected to end on Sunday February 15, 2004.
GHALCA, after a meeting last Tuesday with the four participating clubs came out with the following fixtures for the six-week fiesta.