Dr.Kwame Kyei’s future as Executive Chairman of Kumasi Asante Kotoko is hanging by a thread as Otumfuo sets up committee to investigate judgement debt scandal.

The Porcupine Warriors are facing a transfer ban internationally and have been hit with a $240,000 FIFA fine for breaches in their contract with former Esperance striker Emmanuel Clottey.

In a strongly worded statement released on Wednesday, Chief of Staff of Asantehene, Kofi Badu confirmed the club’s owner has set up a committee to investigate the matter and other troubling issues confronting the club.

Also, the statement revealed that Dr Kwame Kyei, has submitted the report of his stewardship for the past three years to the palace.

“The report is being evaluated for the consideration of His Majesty Otumfuo Osei Tutu II, Asantehene, and an announcement will be made in due course on the future direction of the club.”

Full statement below: