Cape Town - Mpumalanga Black Aces insist that selling their PSL status to AmaZulu would assist them in repositioning their brand to a "better quality football club".
The club confirmed in a statement on their official website that the League would not approve the sale, which was reported to be worth around R84m.
AmaZulu will not be playing in the Absa Premiership this coming season instead will start preparing for life in the NFD.
This latest turn of events seems to be after the PSL did not ratify the agreement.
Here is Aces’ statement in full:
“When we were approached by AmaZulu FC to purchase the Aces PSL status, we were always aware that this agreement was subject to the approval of the PSL Executive Committee.
“We have been informed that this agreement was not forthcoming and we respect it wholeheartedly.
“At no stage did Aces stop preparing for the upcoming PSL season, in fact, Aces was the first team to start Pre-Season and is still continuing.
“We would like to clarify that at no point was the club and brand ‘Black Aces’ going to disappear.
“On the contrary, this deal was going to assist in repositioning the brand to a better quality football club.
“We were touched by the response and reaction of our supporters, and would like to publicly apologise to all our supporters for any inconvenience caused as well as the emotional turmoil they may have encountered during this period.
“We would like to confirm that we have devoted all our energy and resources toward this club, and will continue to do so.
“Over the past 11 years, we have had our supporters and fans next to us and assisting us in building this brand, of which we are proud to say is the largest supported brand in Mpumalanga and one of the largest supported brands within the football fraternity in South Africa.
“This will continue and we hope that the same supporters and fans will hold our hand toward a prosperous future for the club that is Mpumalanga Black Aces FC.
“Mario Morfou and George Morfou”