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Zylofon Cash to continue to sponsor Ghana Premier league in spite of Menzgold crisis

Headline sponsor of the Ghana Premier League Zylofon Cash has reiterated it’s commitment to sponsor the Ghana Premier League as per the terms and conditions of the contract signed with the Ghana Football Association in May 2018.

The five year deal whose full details will not be disclosed by the then Football Association Officials is rumoured to worth Ten million dollars.

Doubts have been raised about the financial muscle of Zylofon Cash following the financial crisis of Menzgold, the sister company of Zylofon Media also owned by Nana Appiah Mensah popularly known as NAM1.

In an interview with pressmen in Accra, the Director of Zylofon Cash Halifax Ansah Addo maintained that the company is in a very good standing to support the Premier League in spite of the troubles of Menzgold.

He also revealed that Zylofon Cash had already made substantial payments to the clubs as part of the conditions of the contract.

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“We had a five-year contract with the FA and we were going to pay per season. We signed the contract when the first season was already in motion and we paid what we had to pay to the clubs.

“The money was distributed to the clubs and for obvious reasons, the league was halted. Can we go back for our money? What about what has been used to pay the referees, transportation, paraphernalia and others? We cannot do that and so, that is the situation.”

The league was halted in June 2018 following a wild expose by investigative Journalist Anas Aremeyaw Anas about corrupt practices in the league which saw the Ghana Football Association dissolved and major football people significantly the then President Kwesi Nyantakyi implicated by FIFA.

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Ghana’s football issues are now entrusted in the hands of a Normalization Committee which has been tasked by government to take steps to bring football back to life.