The president of New Edubiase Abdul Salam Yakubu has revealed he will put the club up for sale because they are bankrupt.

The Ashanti regional-based Premier League campaigners are in serious financial crisis in spite of the sale of some key players to other teams in Ghana and beyond.

According to him, their woes have been worsened by the abrogation of the First Capital Bank’s sponsorship of the Ghana Premier League.

“We don’t have money to run and prepare the team for the league, there is no money. None of the teams we sold our players to like Ashantigold have fulfilled their financial obligations to us plus the money we were getting from the sponsors of the Premier League is not coming again,” Yakubu told Kumasi-based Ultimate FM.

“It’s a big headache now managing the club and I am even ready to sell New Edubiase Football Club to any investor who is interested. If there is any interested investor out there willing to buy even shares in the team I’m ready to sell,” Yakubu said on Ultimate Sports Zone.

New Edubiase are one of the 16 teams preparing for the commencement of the Ghana Premier League which is set to start in February.