Register Login Scores

Kaizer Chiefs

Chiefs Comment On Club Sale Rumours

Kaizer Chiefs have commented on reports that the club’s top-flight status will be sold to new owners.

Following some of the changes made by the Soweto giants recently, including the termination of Gavin Hunt contract, recent reports on social media have suggested that the club will be sold.

Read: Chiefs Star, Pirates Target Added to U/23 Squad

It has been reported in a post on social media that Chiefs would be sold to Saudi oil giants for R512 million.

According to the Facebook post, a source close to Chiefs chairman Kaizer Motaung revealed that the Motaung family allegedly claimed that it has been highly unsustainable to run a big club like Chiefs without credible sponsors.

Furthermore, the post alleged that Chiefs have been facing financial difficulties in the last five years after losing some of the sponsors and that the club lost R278 million in the last five years, which has left the club almost bankrupt.

Read – Benni Hits Back: People Said I Was Overrated

However, Chiefs have come out to set the record straight and dismissed the reports about the club sale as fake news.  

“Fake News! The Club is NOT for sale! Please be aware of fake news going around social media and other platforms. Please follow us on our official Club properties for authentic news. You can e-mail us and call us to confirm as well,” Chiefs stated on the club’s official Twitter account.  

View the players expected to be at Chiefs for the 2021/22 season…    


Top 5

Chiefs Conclude Zuma’s Internal Hearing

28 Nov 24, 2021 08:53 AM in Kaizer Chiefs

Managers Who’ve Already Been Sacked This Season

Nov 08, 2021 12:26 PM in English Premier League

7 Players Xavi Could Get Rid Of At Barca

4 Nov 09, 2021 01:26 PM in LaLiga

Exclusive: Zungu Finally Talks About Party Allegations  

6 Nov 24, 2021 02:49 PM in Players Abroad

Fast Lane - New BMW Flex For Amakhosi Star?

4 Nov 26, 2021 12:35 PM in Stars & Their Cars

Tower’s Palace - Mathoho’s Most Chilled Looks At Home

Nov 26, 2021 02:02 PM in Ballers Cribs & Travels

6 Man Utd Stars In Trouble Following Big Manager Decision

1 Nov 26, 2021 12:28 PM in English Premier League

Katsande Showcases Big Business Billboard

8 Nov 25, 2021 09:30 AM in The Best Of The Rest

Sundowns’ R13m Onyango Dominates Chiefs Duo In TOTW Values

12 Nov 24, 2021 12:58 PM in Mamelodi Sundowns

BREAKING! All The Ballon d'Or Nominees Revealed

5 Oct 08, 2021 06:33 PM in Ballon d’Or

Rulani: The Monkey Is Off Our Back Now

10 Nov 24, 2021 10:25 PM in Mamelodi Sundowns

12 Players Who Went Bankrupt

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

Why Chiefs Veteran Deserves New Deal

2 Nov 24, 2021 04:25 PM in Kaizer Chiefs