Kumasi Asante Kotoko have now severed ties with kit sponsors strike and their purchase agreement with Club Consult Africa.

The club made the announcement with a statement on their official twitter handle.

Club Consult Africa had an agreement with Kumasi Asante Kotoko in which they purchased kits made by Portuguese kit supplier strike for the club.

Kotoko and Club Consult Africa in turn shared proceeds of replica jerseys that were sold by the club.

According to Club Consult Director, Yusif Chibsah the proceeds from the deal was shared among the parties as follows:

1. when Asante Kotoko sells 200,000 replica jerseys they get 200,000 Ghana Cedis.
2. A contract fee of 50,000 Ghana Cedis
3. 5% of Net profit at the end of the year.

BELOW IS THE FULL CLUB STATEMENT: