The Ghana Football Association has received a letter from SAS Finance Group inviting the 21 players who won the 2009 U-20 World Cup with the Black Satellites to collect their investment cheques.
This development follows the maturity of a 15-year investment made by the Ministry of Youth and Sports on behalf of the 2009 Black Satellites U-20 World Cup squad, which reached maturity on January 4, 2025.
The news will come as a relief to the players, who have been requesting their investments in recent months. Notably, Philip Boampong alleged that the returns mentioned by SAS Finance Group were significantly lower than what they had initially been promised.
A letter sent to the General Secretary of the Ghana Football Association, with a copy forwarded to the Ministry of Youth and Sports, formally invited the players to receive their investment returns.
The Ministry had invested a total of GH₵210,000 on behalf of the 21 players in 2009, allocating GH₵10,000 to each player.
The statement from SAS Finance Group read:
“This investment has matured after 15 years, and the players can now collect their cheques from the SAS Office in Accra, starting from January 8, 2025,” said SAS.
“To collect their cheques, players must present a valid Ghana Card for identification purposes. If a player is unable to collect their cheque personally, they can authorize a third party to do so by presenting a notarized Power of Attorney.”
“The SAS Office is located on the 14th floor of the World Trade Centre, Independence Avenue, Accra,” the statement added.
According to SAS, the investment package also included an annual insurance policy that provided life and health insurance coverage for each of the 21 players throughout the 15-year investment term.
The Black Satellites made history by becoming the first African team to win the U-20 World Cup in 2009, defeating Brazil in Egypt leading the government to announce a $750,000 package for the players.
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