The Premier Soccer League has finally commented on the most talked about sale of Tshakhuma Tsha Madzivhandila.
As reported by the Siya crew, TTM players were summoned to a meeting on Monday in Louis Trichardt, where chairman Lawrence Mulaudzi informed the players that there would be a change in ownership, and that Dr Abram Sello was introduced as the new owner of the club.
The PSL has since issued a statement regarding the sale and provided more details on how the process is going to be handled.
The Executive Committee of the League today considered an application submitted by the Black Gold Trust to transfer the club, Tshakhuma Tsha Madzivhandila to a corporation by the name of Protoscape 202 CC.
The application for approval met the requirements of Article 14 of the NSL Handbook, and was consequently approved albeit with conditions.
The conditions imposed by the Executive Committee included that: the contracts of employment of all players are transferred to the Purchaser; disputes that may exist will be dealt with by the corporation; and any awards or rulings handed down must be satisfied by the corporation.
The club will continue to campaign as Tshakhuma Tsha Madzivhandila.
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