Accra Hearts of Oak legend Dan Quaye has blamed the club’s recent struggle to the floatation of shares that happened in 2010.

Hearts of Oak prior to the floatation of the shares had won the league for six consecutive times including three continental titles.

Fast forward, things have suddenly changed at the club, they have gone ten years without winning any trophy.

Dan Quaye who played a pivotal role during the halcyon days of the club has blamed managerial lapses as the caused of the club hiatus.

According to right back, Togbe Afede XIV who happens to be the highest shareholder of the club has hijacked the club making it difficult for people to share their opinion at the club.

“It’s because the kind of people who are running the club”, Dan Quaye told ghanasportspage.com.

“Hearts of Oak, doesn’t belong to Togbe. The club belongs to supporters but now it’s him who has hijacked the club.

“So I think the shares they floated did not help Hearts of Oak, because I feel that when we won the Champions League and everything we won we did it with with hunger.

“So I feel the shares they floated is very wrong.

“Why is Kotoko not floating shares, that’s why Hearts of Oak and [Great] Olympics are suffering, Olympics are also suffering partly because of the shares they floated,” he added.

The former Olympics right back also accused Togbe Afede of not respecting the old managements.

“Is he not the majority shareholder of the club, he is the bankroller of the club, and the mistake he is making is that the he has no regard for the old management and the players who won glories for the club too they don’t want us to come near the club so how can the team progress?

“When you go to Europe, Chelsea, Manchester [United] and the rest the senior players are able to share their opinion on the running of the club but at Hearts of Oak it’s like when you go there you are like Satan for them”, he alleged.

Hearts of Oak last won the Ghana Premier League in 2009 and are still chasing their second league title in 11 years.