The new owners of Tshakhuma Tsha Madzivandila (TTM) are expected to be unveiled soon, following some changes taking place in ownership of clubs in the Premier Soccer League.
TTM confirmed on Saturday evening that they have completed purchasing the topflight status of Bidvest Wits in their preparation for life in the elite league in the new season.
Before the completion of the transaction, TTM owner Masala Mulaudzi had to first sell the status of his own club in the second tier as rules do not allow for a single individual to own more than one club in Mzansi's professional league.
According to sources, the GladAfrica Championship status of TTM has been bought by Johannesburg-based Limpopo businessman Simon Malatji.
"It's true that we finally sold TTM FC's GladAfrica Championship status to someone who will be revealed very soon," in part, TTM's Tshidino Ndou told the Siya crew as he confirmed the latest developments at the Limpopo outfit.
Malatji is the boss of Gauteng ABC Motsepe League side African All Stars.
Former Kaizer Chiefs and Moroka Swallows midfielder Jabulani Mendu has been the coach of All Stars, although he had been suspended at the time of the outbreak of the Coronavirus.
Former Mamelodi Sundowns midfielder Alex Bapela is the technical director at the third tier league club.
