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Thanda PSL Franchise Sale Agreed In Principle

News reaching the Siya crew is that Thanda Royal Zulu is likely to be sold after the club received an offer to sell its PSL franchise.

Read: Tlhomelang Predicts Pirates’ Win In The Cup 

Since the team’s promotion from NFD to the PSL, Thanda chairman, Pierre Delvaux, has publicly stated that he would consider selling the club and cited financial constraints as the reason for the decision. 

Delvaux has been concerned that without a financial sponsor it would be challenging to run the club as well as be competitive in the PSL. Amabhubesi have been operating without a main sponsor for three years, following the end of their deal with Bell Equipment.

Siya sources in KwaZulu-Natal have confirmed that Thanda has received an offer from AmaZulu, following yet another unsuccessful attempt for Usuthu to gain promotion to Mzansi’s top tier.

In edition 1024 of Soccer Laduma, the Siya crew reported that it would cost AmaZulu R60 million to obtain Thanda's PSL franchise and recently a source in KZN confirmed that such an amount has been discussed.  

“Thanda Royal Zulu is in the process of selling its PSL status. AmaZulu are interested in buying the club. The club is being sold for around R60 million,” a source told the Siya crew.

According to sources, talks between the parties are at an advanced stage. Thanda and AmaZulu will be waiting for a PSL executive meeting, which is expected to take place this week, for approval.

AmaZulu finished the season in position five on the NFD log and failed to qualify for the promotional play-offs. Since their relegation from the PSL at the end of the 2014/15 season, Usuthu made attempts to make a quick return to Mzansi’s top tier.

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In 2015, the Durban-based club attempted to buy Mpumalanga Black Aces’ top flight status. But the club’s attempt was rejected by the PSL’s executive committee. Aces’ PSL status was later sold to John Comitis, in 2016.    

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