Hidden Reason Court Orders Sale Of Michael Essien’s Multi-Million Dollar Mansion Revealed

michael essien financial crisis

Michael Essien Financial Crisis: Court Orders Sale of Footballers Luxury Mansions Over Unpaid Loans

&NewLine;<p class&equals;"has-medium-font-size"><strong>Yesterday&comma; former Black Stars player and Chelsea legend Michael Essien made headlines amid rumors of financial trouble and the auctioning of his two houses&comma; valued at &dollar;50 million&period;<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The properties&comma; located in the prime areas of Accra—Stephen Quarshie Crescent in East Legon and Trassaco—include a mansion valued at nearly &dollar;30 million&comma; underscoring their substantial worth&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>While the details behind the auction remain unclear&comma; sparking speculation about possible legal or financial issues&comma; Essien&&num;8217&semi;s financial status has come under public scrutiny&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>On Angel FM&comma; Saddick Adams&comma; also known as Sports Obama&comma; clarified the situation&period; According to Adams&comma; the two properties are now under the care of Essien&&num;8217&semi;s wife&comma; Akosua Kuni&comma; not Essien himself&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-image size-large"><img src&equals;"https&colon;&sol;&sol;cdn&period;occupygh&period;com&sol;file&sol;occupygh&sol;2024&sol;06&sol;Sad-Court-orders-the-sale-of-Michael-Essiens-East-Legon-and-Trassaco-mansions-worth-millions-of-dollars-1068x601-1-1024x576&period;jpg" alt&equals;"" class&equals;"wp-image-203628" &sol;><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<p>Adams explained that Essien had entered a mortgage agreement with estate developers but later found the high monthly payments unreasonable&period; Consequently&comma; he chose to default&comma; leading to the auction of the properties to recover the developers&&num;8217&semi; investment&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Despite these developments&comma; Adams emphasized that Essien is far from bankrupt&comma; noting that the former footballer still owns expensive properties in London&comma; Spain&comma; and Ghana&period;<&sol;p>&NewLine;<p><strong>Source<&sol;strong>&colon; <a href&equals;"http&colon;&sol;&sol;OccupyGh&period;com">OccupyGh&period;com<&sol;a> <&sol;p><p class&equals;"has-text-align-center has-large-font-size"><a href&equals;"https&colon;&sol;&sol;chat&period;whatsapp&period;com&sol;JVGCtXdCoiKHCI3CXwMC5l" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Tap To Join Our<&sol;a> WhatsApp Community<&sol;p> &NewLine;

Shirley Watson: