Register Login Live

Siyagobhoza

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.

Read: THE BREAKDOWN: The Zim Stars At Chiefs - Another On The Way?

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.    

Walters On Ngoma Saga: We Will Always Fall Victim To The Bigge...

Chiefs To Host Club Awards This Week

Bafana Striker On Target In Turkey, Zungu Misses Out Winners M...

88 comments

Top 5

8 Of Chiefs' Most Embarrassing Defeats In The Premiership

93 Sep 20, 2021 03:29 PM in Kaizer Chiefs

12 Players Who Still Don't Have Clubs

10 Sep 02, 2021 12:30 PM in International

Motshwari Arrest Latest: Police Update On Bucs Star

68 Sep 21, 2021 01:09 PM in Orlando Pirates

Ronaldo Breaks Zlatan's Incredible Record

5 Sep 20, 2021 09:28 AM in Cadbury

The Don – Downs Star Flexes Smoking R1m BMW M4

Sep 20, 2021 07:41 PM in Show Me The Money

Kekana Shows Off His Latest Whip

1 Sep 20, 2021 07:43 PM in Stars & Their Cars

PSG Release Messi Update After Sub Drama

3 Sep 21, 2021 01:58 PM in Messi/Ronaldo/Neymar/Mbappe Watch

Beckham's Son Makes Professional Debut

4 Sep 20, 2021 10:32 AM in World News

Irked Mbele Refuses To Comment on Mhango Nightclub Reports

34 Sep 20, 2021 04:22 PM in Orlando Pirates

The Highest-Paid African Stars In The EPL

21 Feb 02, 2021 07:14 PM in English Premier League

Breaking: Crisis Talks At Swallows!

14 Sep 20, 2021 03:34 PM in Siyagobhoza

12 Players Who Went Bankrupt

25 Dec 07, 2020 12:34 PM in World News

Baxter Blasted For Apologising

124 Sep 21, 2021 07:10 AM in Kaizer Chiefs