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Breaking: R10m Security For Top-Flight Status!

Bidvest Wits, according to Siya sources, is on the verge of being sold with indications that potential buyers have made great strides in their purchase agreement.

Further details will be revealed in the coming weeks, but it is understood TTM owner Masala Mulaudzi has made a deposit of around R10-million to Wits, one of the oldest clubs in the Premier Soccer League, to all but secure the deal.

Read: 'He Felt I Was A Bit Lazy' 

The Siya crew first reported on the rumour of negotiations between Wits and Mulaudzi on May 15, but the university club’s Jonathan Schloss, who is the COO, poured cold water on talk in the football fraternity then that the sale was happening.

It would appear things have moved quickly since then, especially after Mulaudzi confirmed to Phalaphala FM last Friday that he had sold the status of his GladAfrica Championship outfit for R10-million and put in a non-refundable R20-million deposit into a top-flight status, which Siya sources have indicated is Wits.

Information has varied over the last few weeks as this story takes twists along the way, and insiders have informed the Siya crew that the amount that has been put through as a security deposit is R10-million.

Read: Why Khune & Akpeyi Are Used As Barometer 

Nonetheless, what is becoming increasingly clear is that Wits, the 2017 Absa Premiership champions, could very well relocate to Limpopo and renamed!

Attempts to get comment from either Schloss or chairman Alan Fainman proved unsuccessful at the time of going to print, while Mulaudzi asked to be contacted later in the afternoon because he was “busy with meetings”.

Story by @superjourno

How Much A PSL Status Is Worth…

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