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