Wa All Stars have rejected claims that the club has been handed over to a new investor.
Reports emerged Wednesday that former Ghana international John Paintsil had taken over the management of the Northern Blues.
But the club in an official statement say “there is no truth” in such.
”Wa All Stars Football Club can confirm there is no truth in media reports of a sale or takeover of the club.
”The club has received approaches from potential investors proposing various forms of investment in the club
”However, there has been no agreement with any interest group about a sale or partnership.
”Wa All Stars Football Club will not be making any further comment,” read the release signed by the Operation Manager Nana Obiri Yeboah Thursday morning.
The rumour comes on the back of a decision by club owner and bank-roller Kwesi Nyantakyi, the erstwhile Ghana Football Association president who is currently serving a lifetime ban by Fifa, to relinquish his role and management of the club to a Wa indigene over a period but no one could step forward, club sources say.
Nyantakyi formed Wa All Stars in 2005 and two years later, they qualified for Premier League football and have maintained the status since then. In the 2015/16 season, the Northern Blues defied all odds to become Ghana Premier League champions for the first time.