Absa Premiership

Dikwena's 'fraudulent' sale challenged

2018-02-21 13:49
Roger De Sa (Gallo Images)

Cape Town - Platinum Stars' agreed sale to Rawat Petroleum for R22.5-million has been challenged by Advocate Ratanang Nke, who wrote a letter to the Premier Soccer League calling it a breach of rules.

The sale of Dikwena to the company took place in January although there were some question marks raised about the reportedly low price, as well as coach Roger de Sa's involvement as a part of the consortium.

As such, Nke confirmed he was petitioning the PSL to overturn the decision due to a contravention of league rules. He told the Sowetan: "I have written to the league, and [acting] chief executive Mato Madlala responded, saying the executive will come back to me after their meeting on February 22. 

"I want the PSL to rescind the decision to go ahead with this transaction because it's shrouded in secrecy. For instance, I know for a fact that there was a bid for R35 million, I was told there was another for R40 million. 

"So why settle for R22 million? And as it is, we don't know who these owners are and that's against corporate governance, and the PSL's own rules.

"They have to disclose everything because the PSL rules say you can't sell to someone who sold their status a year ago." 

The advocate, who said he was challenging the sale as a resident of Phokeng, added he will go to court should his plea to the PSL prove unsuccessful.

 

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