Lawyer Bright Akwettey claims part-ownership of Ghanaian giants Hearts of Oak, vows to reclaim club from majority shareholder Togbe Afede XIV

Published on: 16 July 2015
Lawyer Bright Akwettey claims part-ownership of Ghanaian giants Hearts of Oak, vows to reclaim club from majority shareholder Togbe Afede XIV
Togbe Afede XIV

Ex-Hearts board member Bright Akwettey has vowed to reclaim the struggling Ghanaian giants from majority shareholder Togbe Afede XIV.

Togbe Afede, the Agbogbomefia of the Asogli State became the majority share holder of the club after acquiring 20% of the shares floated by the club in 2011.

But the club has struggled since the President of the Asogli Traditional Area in the Volta Region of Ghana bought majority stake in the club.

The club has remained trophyless since 2009 and continues to play catch-ups to rivals Asante Kotoko, a situation which has angered their teeming and demanding supporters over the last couple of years.

Some have attributed their downward spiral to the floating of shares which has seen some of their stalwart breaking ranks with the club.

But a legal practitioner and a supporter of the club, Bright Akwettey is challenging the legality of the acquisition and has vowed to fight on to reclaim the club from Togbe Afede XIV.

“I want to take a particular action and very soon everybody will get to know. Not this July but very soon,” he told Nhyira FM

“I will shape myself very soon. The club had five shareholders. Three have died. I am left with Ato Ahwoi. How can someone go and say he’s selling the shares of the club without me?

“I am the part owner of the club. Somebody has come and gone to sell shares and says he’s the majority shareholder and that he owns the club without me. What do you think about it?

“As the lawyers who know about company law and they will tell you something. I am going to fight to reclaim the club from him.”

Akwettey wants to revive the ensuing  battle over the ownership of the club at the Supreme court.

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