President of New Edubiase United Abdul Salam Yakubu
New Edubiase president has quit football amid claims he lacks the financial warchest to continue with the running of his club.
The Edubiase chief has also confirmed his side will not travel to Tarkwa to face Medeama in a Ghana Premier League fixture on Sunday.
The Bekwai-based side has been in financial turmoil since the death of their their chief financier David Lamptey in 2012.
The Ghanaian side has struggled to raise the needed funds for the home and away fixtures, with salaries of players unpaid for several months.
It appears the financial crisis at the club has hit the roof top with club president Abdul Salam Yakubu revealing he has quit the game.
"I don't have enough funds to continue the ongoing Ghana Premier League so I have quit," he told Accra-based Happy FM
"I will not be at Tarkwa to play the last game against Medeama in this first round."
In January this year, the club's presidet revealed he will put the side up for sale because they are bankrupt.
The club's financial woes worsened by the abrogation of the First Capital Bank’s sponsorship of the Ghana Premier League.
