There has reportedly been an update with regards to the sale of Betway Premiership outfit Royal AM.
The South African Revenue Services (SARS) took over the KwaZulu-Natal club in an effort to recover the R40 million in taxes owed by club owner Shauwn Mkhize.
Read: Who Is Roy Moodley? The Reported New Owner Of Royal AM
Durban-based businessman Roy Moodley was reportedly set to take charge of the Premiership club, pending approval from the league.
According to reports in the local media, Moodley's deal to purchase Royal AM has not gone through.
The curator also released a statement on Thursday evening stating that the Moodley camp failed to make the required payment within the three-day period and the initial agreement was cancelled.
As a result, the KwaZulu-Natal club is now back on the market.
Read: Patience Running Out? Closing The Royal AM Chapter
Royal AM have not been in competitive action since 29 December when they lost 3-1 to TS Galaxy in the Betway Premiership.
John Maduka's charges currently sit bottom of the league standings, 14 points adrift of safety after playing just 11 matches in this campaign.
