Friends & family I trusted collapsed my aluminum business – Augustine Arhinful
Augustine Arhinful, a former Ghana international, has revealed how a few close associates he trusted destroyed his aluminum company.
He claims that he was horribly let down by his lawyer, who was meant to assist him in protecting his investments, which ultimately caused his business to fail.
Arhinful was talking about the rising tendency of Ghanaian football players experiencing financial ruin upon retiring from the game.
He clarified that when these gamers trusted friends and relatives with their business, they frequently ended up letting them down.
“I used to be one of the key distributors for Ghana when it comes to Unilever and Nestle. In the whole Ghana we were just about 10 or 9 major distributors,” Arhinful told Onua FM, as quoted by Ghanaweb.
“If I tell you the volumes of money that went in but today the business is no more because the people that I entrusted the money to them including my lawyer who is supposed to help us, did their own personal thing to the extent that the business collapsed. A whole aluminium factory that I had with a partner collapsed.
“A lot of people in these players’ lives do not help. Some of us have gone through this phase of life. People you felt are your brothers, family members, disappoint and disappoint greatly, and sometimes you don’t want to help anybody again.”
The former Borussia Dortmund forward further advised young footballers to prioritise investments and save for the future.
“I will advise [the current footballers] that if you are not sure, get a fixed deposit or treasury bill or bond or property and save your money, and when you retire, you find a business to invest in. Because I have gone through it before,” Arhinful added.
