Every company needs money to run or be in business and Ghanaian football clubs are no exception.
In an era and situation when the world has been ravaged by COVID-19, even some of the biggest European clubs are feeling the pinch of financial difficulty.
Italian giants, Inter Milan are currently not in good monetary standings following the financial instability of their Chinese major owners, The Suning Holding Group.
At the moment, they are yet to pay the first tranche of €10 million to Spanish giants, Real Madrid over Achraf Hakimi’s transfer.
Player sale is never a new born baby but has been with football for decades now.
When there is cash injection without returns, a football club will have no option than to sell to be in business.
That is the story of Ghanaian football clubs.
Ghanaian clubs primarily make money through gate proceeds and player sales.
Prior to COVID-19, it was and still is Hearts and Kotoko games which attracted fans with the remaining clubs struggling to draw spectators.
So, if your main source of funding is curtailed by a global pandemic, how do you survive as a club and as a business?
Just take a little time and look at this basic mathematics and we will realize how Ghanaian clubs are suffering.
Let me use Hearts of Oak as a case study.
Assuming Hearts of Oak have registered 40 players with all on 3-year contract and each on GHc 300 monthly.
Just look at this:
GHc300(salary)x40 (players)=12,000(40 players)
GHc432,000 is equivalent to $75,000 in three seasons.
So, if a club does not sell between 3 and six players in a season, trust me the club cannot be in good business, emphasis on “GOOD BUSINESS.”
Besides, the players involved cannot keep on with these meager salaries because there is either a nuclear or and extended family to feed.
The above amount is just for salaries and football is a game of uncertainties.
Unexpected injuries will come when and where a club must fork out millions to treat the player and have we considered that?
Salaries for non-playing staff, match day budget, accommodation for players, food, utility bills are other areas Ghanaian clubs struggle to deal with.
We can all remember how much French club, AS Monaco made with the sale of Kylian Mbappe, Tiemou Bakayoko, Bernardo Silva, Benjamin Mendy, Fabinho, Youri Tielemans just to mention a few but are still in good business and competing highly in the French Ligue 1.
Even English club, Arsenal had to lay off about 55 non playing staff plus releasing some players in order to cut cost in this COVID-19 times.
Our own West Africa Football Academy(WAFA) and Ivory Coast’s ASEC MIMOSA are one of the biggest talent exporters from Africa yet they keep replacing and filling the spaces and competing well.
It is a matter of planning and finding perfect or nearly perfect replacements for the quality players that have left.
Ghanaian clubs until they gain strong financial standings must sell their quality players to be in business regardless of the moves weakening our league.