Register Login Scores


Club Boss: We Are Spending Over R2.5m A Month…

Lawrence Mulaudzi, owner of Tshakhuma Tsha Madzivhandila has broken his silence on wild media reports that the club is up for sale.

Read: Yeye Clarifies Retirement Rumours

For the last few weeks reports in local media have suggested that the Limpopo outfit is for sale to the highest bidder, even though the club bought the top-flight status of Bidvest Wits just five months ago!

There have also been re­ports that the club has put some of its shares up for sale after experiencing for financial difficulties.

The club has been plagued by stories of maladministra­tion and financial mishaps - includ­ing players allegedly not being paid their salaries, while others await monies that are outstanding to them.

As things stand, TTM parted ways with Oupa Manyisa and Joseph Molangoane, with both players not kicking a ball for the club. The players are said to be upset over monies due to them that were not paid. 

Sign up for the SL Newsletter and you could win a R200 Mr D voucher!

There is also a standoff be­tween the club and defender Buhle Mkhwanazi over alleged unpaid monies.

Despite all this, club chairman, Ma­sala Mulaudzi has poured cold water on reports that the club is for sale or that they have sold some of its shares.

“Let me be frank with you, these people want to destabilise the team. The doctor that they are referring to wanted to buy a GladAfrica (Cham­pionship) team. He was interested in the status, but we sold to Sekhukhune United. So, he sat with us to say can we give him some shares in the club, seeing that he failed to buy the TTM GladAfrica team. He sent us pro­posals wanting to buy shares in the club, but we are not sellers and we don’t want partners in the team,” Mulaudzi said, speaking exclusively to the Siya crew.

Read: Pirates’ Forgotten Man Handed Vital Lifeline

The Venda-based businessman has also refuted claims that the club is for sale due to financial constraints.

‘The club is not for sale, and it will never be sold. This is a legacy team that was bought for the community when I was ploughing back. What is critical here is that I bought the team for obvious reasons - to give a platform to the people who come from deep rural areas, especially the Venda and the Tsonga people.  

“I mean we are spending over R2.5 million every month on this team, to make sure that it becomes a better team,” Mu­laudzi added.

The club boss has admitted that the football industry is not one that generates monthly profits; however, it is looking at the bigger picture that gives him great satisfaction.

“In this football industry, most of us are not making a profit, that is true. But for me, I think I am gen­erating a lot of profit from the club because the club looks after families, indirectly. Most families benefit from this club. When the team is playing, we have so many supporters who are selling things to generate income, to take their kids to school. That is how I am profiting from this club,” con­cluded Mulaudzi.

View the top 10 most expensive squads in Mzansi’s top flight: 

Club Drops Massive Hint Over Lebese's Future

African Rankings: Sundowns, Pirates Way Ahead Of Chiefs

Chiefs Returnees’ Full Report Card


Top 5

Downs To Hijack Chiefs Deal?

218 Mar 29, 2021 10:53 AM in Mamelodi Sundowns

10 Richest African Footballers In The World, Past & Present

7 Mar 11, 2021 07:19 PM in African Football

PSL Players Who Have Qualified For AFCON

16 Mar 29, 2021 11:59 AM in PSL

All Eight Teams To Have Qualified For CAFCL Quarters

116 Apr 10, 2021 11:30 PM in African Football

10 SA Players Silently Making Their Mark Abroad

Mar 29, 2021 01:54 PM in Players Abroad

All Eight Teams To Have Qualified For CAFCL Quarters

116 Apr 10, 2021 11:30 PM in African Football

Khan Urges Chiefs To Sign 'Underrated' Midfielder

43 Apr 11, 2021 12:59 PM in Kaizer Chiefs

CAF QF Draw Explained, Who Will Downs & Chiefs Get?

219 Apr 11, 2021 09:35 AM in CAF Champions League

Legend Looks! 10 Of Radabe’s Coolest IG Flexes

1 Apr 12, 2021 10:37 AM in Drip, Style & Swag

Official: Chiefs Qualify For CAF CL Quarter-Finals

786 Apr 10, 2021 10:52 PM in Kaizer Chiefs

Nine Chiefs Players Not Going To AFCON

102 Mar 29, 2021 03:22 PM in Kaizer Chiefs

The Highest-Paid African Stars In The EPL

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

Confirmed: Manyisa's Next Destination Revealed

47 Mar 30, 2021 04:00 PM in PSL

12 Players Who Went Bankrupt

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