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PSL approve the sale of Bidvest Wits to ambitious GladAfrica Championship side

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Reports coming in reveal that the Premier Soccer League (PSL) has approved the sale of Bidvest Wits to GladAfrica Championship side Tshakhuma Tsha Madzhivhandila (TTM).
According to Kickoff.com, they are in possession of a letter dated 12th July 2020 from PSL’s legal counsel Michael Murphy addressed to Wits CEO Alan Fainman and TTM owner Lawrence Mulaudzi, he confirms the ratification of the sale to Masala.
“Thank you for your assistance in this matter. I have received the confirmation required and you have the approval of the transfer of Bidvest Wits Football Club to the Black Gold Family Trust‚” said Murphy.
TTM announced last month that they had bought the status of Wits for an undisclosed amount and they intend to relocate the team to Venda where they will play their home matches at Thohoyandou Stadium.
TTM have already indicated that they will not be retaining Head Coach Gavin Hunt next season and also high earning players like captain Thulani Hlatshwayo‚ Deon Hotto‚ Sifiso Hlanti‚ Gift Motupa‚ Ricardo Goss‚ Haashim Domingo and Thabang Monare will also not be maintained.
Wits, which would have turned 100 years old next year, becomes the most high-profile franchise change since Swallows FC bought Maccabi FC’s National First Division (NFD) status in 2019 in the pursuit of a return to the Premiership.
by Leroy Hawkson|TalksAfrica.com

Written by EDITORIAL STAFF

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