Absa Premiership

Platinum Stars announce sale of club

2018-02-01 08:50
Roger de Sa (Supplied)

Cape Town - Platinum Stars have confirmed the sale of the club by the Royal Bafokeng Nation to a consortium from Cape Town led by Roger de Sa.

The club released a statement on it's Twitter account confirming the news of the restructuring of ownership. The new owners are believed to be a consortium of businessmen based in Stellenbosch.

Current head coach Roger de Sa heads the consortium and is believed to be keen on relocating the team to Cape Town in the future.

A club statement read:

"It is with mixed feelings that we announce the sale and transfer of ownership of Platinum Stars Football Club ("the Club") with immediate effect. The decision to sell the Club was not taken lightly and is one of the most difficult decisions that we have made in a long time.

"The Club has been part of the Royal Bafokeng Nation for the past 10 years. Through the Club, we have managed to create development and employment opportunities for youngsters and other members of the Royal Bafokeng Nation.

"We have managed to provide entertainment at the highest level of South African football in the North-West Province and South Africa in general. The Club also managed to collect silverware and carry our pride across Africa during its Confederation of African Football ("CAF") Confederation Cup campaign.

"However, due to the ever-increasing socio-economic challenges and competition in top flight football, keeping the Club afloat and competitive has not been easy. To ensure that the legacy of the Club continues, we decided to sell the Club and give an opportunity to new owners with different expertise, new ideas and energy to take the Club forward.

"We are confident that the new owners of the Club have the necessary expertise, passion for football and business acumen to continue from where we left. We have no doubt that they will rejuvenate the Club and take it to greater heights.

"We would like to thank all the members of the Royal Bafokeng Nation and the loyal supporters of the Club for their never-ending support over the years. They have remained committed to the Club through the good and bad times. We will cherish this support forever.

"We urge all of you to continue supporting your team and give the same support to the new owners of the Club in the same manner you have supported us. We also extend our gratitude to all the sponsors and partners who have teamed up with us over the years.

"Finally, we are happy to announce that the new owners have decided to keep the Club in Phokeng and make Royal Bafokeng Sports Palace its home ground."

Sport24 previously reported that the new owners were interested in buying a PSL franchise for some time having already offered to buy Ajax Cape Town soon after De Sa left the club.

NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Saturday, 22 September 2018
Baroka FC v Orlando Pirates, Peter Mokaba Stadium 15:00
Golden Arrows v Chippa United, Princess Magogo Stadium 15:00
Kaizer Chiefs v AmaZulu, FNB Stadium 18:00
Free State Stars v Highlands Park, Goble Park 20:15
Sunday, 23 September 2018
Bloemfontein Celtic v Maritzburg United, Dr Molemela Stadium 15:00
SuperSport United v Black Leopards, Lucas Moripe Stadium 15:00
Wednesday, 26 September 2018
Baroka FC v Free State Stars, Peter Mokaba Stadium 19:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

After slow starts to their respective 2018/19 Absa Premiership campaigns, who will finish the season ranked higher?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.