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Unpaid Loans: Court Orders Auction of Michael Essien’s Two Mansions

Unpaid Loans: Court Orders Auction of Michael Essien’s Two Mansions

Two mansions belonging to former Chelsea and Ghana midfielder Michael Essien are reportedly set for auction following a court order from the Accra High Court.
The sale was ordered by the Deputy Sheriff of the High Court (Commercial Division) on June 12, 2024, following a recent court ruling against the former midfielder.
The Daily Guide reports that the properties are located at Stephen Quarshie Crescent, East Legon, House Number 9 and House Number 204/205, Trassaco (Phase 2), Adjiringano, all in Accra.
The report also mentioned that one of the properties is valued between $20 million and $30 million.

Essien’s current financial troubles are due to large loans he took from different banks and financial institutions in Ghana, according to Africa Soccer.

During his playing days, 41-year-old Essien played for top clubs such as Chelsea, Real Madrid, AC Milan, and Lyon.

Essien has since taken to management and is currently serving as a first-team assistant coach at Danish side FC Nordsjaelland.

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