Register Login Live

PSL

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 

Pirates Confirm The Sad Passing Of Dr Khoza's Wife

TTM Target PSL Coach

SAFA Lambasted For Delay In PSL Football Return

6 comments

Top 5

Broos Names Provisional Squad, Dolly Returns

102 Oct 26, 2021 12:39 PM in Bafana

Pictures: How Messi Celebrated First PSG Goal

6 Sep 29, 2021 08:28 AM in UEFA Champions League

City v Downs: Late Fitness Tests Await 6 Stars

14 Oct 26, 2021 09:25 AM in MTN8 2021

Players Clubs Can Still Sign For Free

1 Oct 01, 2021 10:28 AM in International

Rulani Predicts Citizens Starting Line-Up?

37 Oct 26, 2021 04:03 PM in MTN8 2021

Report: Messi Wants PSG Teammate Gone

12 Oct 22, 2021 08:27 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Ronaldo Breaks Silence After Damaging Liverpool Loss

29 Oct 25, 2021 08:24 AM in Messi/Ronaldo/Neymar/Mbappe Watch

All The 16 Teams In The Champions League Group Stage

69 Oct 25, 2021 09:08 AM in CAF Champions League

Messi Chased By Rival Fan During Match

4 Oct 25, 2021 10:25 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Man Utd's Next Manager Identified?

1 Oct 25, 2021 07:27 PM in English Premier League

All The 16 Teams In The Champions League Group Stage

69 Oct 25, 2021 09:08 AM in CAF Champions League

BREAKING! All The Ballon d'Or Nominees Revealed

5 Oct 08, 2021 06:33 PM in Ballon d’Or

What Awaits Downs & Usuthu In CAF Draw

32 Oct 26, 2021 11:00 AM in CAF Champions League

12 Players Who Went Bankrupt

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

Pirates’ Next CAF Opponents Revealed!

13 Oct 26, 2021 02:14 PM in Orlando Pirates