Home » Michael Essien Faces Auction of Luxurious Properties in Accra

Michael Essien Faces Auction of Luxurious Properties in Accra

by Lesley Ngwa
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  • Former Chelsea and Black Stars midfielder, Michael Essien, faces financial challenges as his two opulent houses—one in East Legon and the other in Trassaco—are slated for auction
  • The Deputy Sheriff of the High Court (Commercial Division) ordered the sale of these properties on June 12, 2024
  • Essien, known for his robust playing style during his football career, now grapples with managing his post-retirement finances

Former Chelsea and Ghana Black Stars’ midfield powerhouse, Michael Essien, finds himself in dire financial straits as his two opulent properties in Accra are slated for auction.

Report suggest the Deputy Sheriff of the High Court (Commercial Division) issued the order for the sale on June 12, 2024, following a recent court ruling against the former midfielder.

The affected properties include two prime residences: one located at Stephen Quarshie Crescent, East Legon (House Number 9), and the other at House Number 204/205 in the prestigious Trassaco (Phase 2) Adjiringano area—a sought-after neighborhood in Accra.

Essien’s financial woes trace back to substantial loans he obtained from various banks and financial institutions in Ghana. Struggling to repay these loans, he now faces the prospect of losing his prized properties.

An anonymous auctioneer estimates that the value of one of these properties falls within the range of $20 million to $30 million, underscoring the high stakes involved.

The Ghanaian midfielder, is an iconic figure in African football. His journey began at Liberty Professionals in Ghana before he made a significant move to France, joining SC Bastia and later Olympique Lyonnais (Lyon).

Essien’s versatility and defensive prowess caught the eye of Chelsea, where he became a key player. During his time at Chelsea, he contributed to Premier League victories, FA Cup triumphs, and a memorable UEFA Champions League title in 2012.

Internationally, Essien represented Ghana in multiple Africa Cup of Nations tournaments and FIFA World Cups. His robust playing style earned him nicknames like “The Bull” and “The Bison.”

Despite this lucrative football career, managing post-retirement finances remains a challenge for many African football icons like Essien.

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