Absa Premiership

TTM close in on purchasing Absa Premiership status

2020-05-19 15:00
Tshakhuma Tsha Madzivhandila players turn to celeb
Tshakhuma Tsha Madzivhandila players turn to celebrate after Mboniseni Mbandlwa of Tshakhuma Tsha Madzivhandila scores during the GladAfrica Championship 2019/20 game between Ajax Cape Town and Tshakhuma Tsha Madzivhandila at Cape Town Stadium on 15 September 2019.

Tshakhuma Tsha Madzivhandila are in the process of selling their GladAfrica Championship franchise and purchasing an Absa Premiership club, says spokesperson Tshidino Ndou.

The club entered the enforced break, as a result of the coronavirus in fourth place in the league standings, just 10 points behind leaders Ajax Cape Town with six games to play.

The team believed to be of interest to TTM is financially strapped Bloemfontein Celtic who have been put up for sale.

It remains to be seen if football will resume in South Africa this season, but the Limpopo club are already planning for the upcoming campaign.

They were reportedly put up for sale in recent weeks, and have already said to have found a number of interested buyers.

Ndou told the Sowetan: "We've met one of the potential buyers.

"We've sent the buyer an offer to purchase to have a look at it, sign and return to us.

"So, once it [TTM] is sold, the money will be deposited into the Premiership team that is selling the status to us."

Ndou added: "Our prices are different, there is a R10m offer from a buyer in Limpopo. If someone takes a team out of the province then it has to be for R12m.

"The guy who we've sent the offer to purchase wants to beat the other bidders, so is he is offering more than R12m. He made a good offer and he is very serious to buy this status. I won't mention his name."

- TEAMtalk media

Read more on:    ttm  |  absa premiership  |  soccer


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