Ghana Premier League club, Wa All Stars have denied media reports that the club has been sold.
However, the club has in a statement released said there is no truth to the reports although management has received approaches from some potential investors.
The statement signed by Nana Obiri Yeboah, Operations Manager of Wa All Stars stressed that there has been no agreement with any interest group over a sale or partnership.
“The club has received approaches from potential investors proposing various forms of investment in the club,” the statement said.
“However, there has been no agreement with any interest group about a takeover or partnership.”
Winners of the Ghana Premier League in 2016, Wa All Stars was formed by Kwesi Nyantakyi in 2005 and two years later qualified for the Ghana Premier League.
Nyantakyi is currently serving a lifetime ban from all football-related activities by world football governing body FIFA.
As a result of the ban, he must divest himself of all interests in the club.
Some media reports on Wednesday claimed that former West Ham United and Fulham defender John Painstil had acquired the club which belongs to former Ghana Football Association President Kwesi Nyantakyi.