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Not For Sale! But Top-Flight Club’s Multimillion Value Disclosed

For several weeks now, one of the Premier Soccer League clubs has denied its top-flight status is for sale, but it is now believed the value for such a possibility has been discussed.

Siya sources have informed the crew that Highlands Park are understood to have put a value of around R55-million for the club’s top-flight PSL status.

Read: FIFA Weighs In On PSL Restart Saga 

Rumours that the Lions of the North are eager to sell have been doing the rounds for some time now and there were even suggestions that Tim Sukazi, the owner and chairman of TS Galaxy in the lower division, had tabled an offer to purchase the club. 

Last month, his Highlands counterpart Brad Kaftel played down the speculation, telling the Siya crew that they’d not put up the for sale sign – yet!

“We aren’t actively looking to sell the club. We have not concluded any such sale. The reality is that in business one always has to be open to any situations that may present – that is normal business practices,” he said on June 13.

“We haven’t played football in three months and we are now seeing the effects of Covid-19 all around the world. All businesses are going be challenged significantly in the new world economy. We have loved every minute of running Highlands Park and our intention is to continue for many years to come.”

Read: Chiefs To Open Up Coaching Vacancy?

Since then, there have been suggestions that the club have placed a value on their status and will accept an amount in the region of R55-million. 

According to sources, no one is yet to table that kind of offer.

Check out how much PSL clubs have been sold for in the past 

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