Share

Race is on to buy the Birds

Joahnnesbrg - Businessman Sannie Marema and former Mamelodi Sundowns boss Natasha Tsichlas have emerged as the favourites to buy PSL club Moroka Swallows.

This follows the announcement by the Birds' majority shareholder Dieter Bock that the Soweto-based club is up for sale.

The German businessman, who first got involved with Swallows in the 1998/99 season, has put his 90% stake, estimated to be worth R50m, of the club's shares up for grabs with the remaining 10% divided among 60 others.

"As I'm talking to you now I'm in our offices in Centurion instructing my lawyers to immediately engage Bock because I don't want to wait long to buy part of his shares," Marema told The Sowetan.

"I was over the moon (at the news) that Bock is selling his shares in the club. I don't want to miss the opportunity to own the team that I supported through and through.

"If it is true that Bock's decision is to get a partner to meet the government's BEE structure, then this is good news."

Meanwhile, Thanda Royal Zulu managing director Tsichlas, admitted that she had previously attempted to purchase the club and that she was hoping to be successful on this occasion.

"It was two- and-a-half years ago but I failed to get the numbers of Bock and other shareholders.

"I have asked my guys to try and trace Bock. I was part of Swallows before I moved to Sundowns. I helped in the marketing and also used to promote matches. My husband Angelo also assisted head coach 'The Godfather' (Mario Tuani). I regarded David Chabeli (Swallows' former major shareholder) like my father," she said.
 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Should the Proteas pick Faf du Plessis for the T20 World Cup in West Indies and the United States in June?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes! Faf still has a lot to give ...
67% - 963 votes
No! It's time to move on ...
33% - 466 votes
Vote
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE