Register Login Live

PSL

New Twist In Highlands Sale Confirmed!

After the Siya crew broke the news that Highlands Park has been sold to TS Galaxy chairman Tim Sukazi, it has now been revealed that minority shareholder Sinki Mnisi is taking the legal route to dispute the sale.

Read: Confirmed: Chiefs Star Leaves The Bio-Bubble 

The Siya crew reported three weeks ago that the Highlands hierarchy had plans to settle on R30-million as the value of their top-flight status, which would exclude at least two of their big name players in Peter Shalulile and Mothobi Mvala from the deal, in the hope that they would be able to make up their valuation of R60-million for the franchise.

However, the current market, which has hit clubs hard financially and is a major contributing factor to the sale, suggests that it will be challenging to sell Mvala and Shalulile for over R10 million each – that all depends on the potential buyer.

Mnisi, who is a minority shareholder in the Tembisa outfit with a 20% stake, has subsequently confirmed that he is against the sale of the club.

Brad Kaftel, the majority shareholder of the club, is said to have bought both Mnisi and Larry Brookstone out of their stake in the club, before selling it. However, this has been refuted by Mnisi.

“You need to ask Brad Kaftel about that. You need to show me where I have signed. I know nothing about me being bought out by anyone at Highlands Park,” Mnisi told the Siya crew at the time.

Read:Breaking: Latest PSL Club Sold!

The latest is that the former Tembisa Classic owner is taking legal action against the club and has directed all communication to his lawyer.

“My lawyer is the one who will comment. I don’t want to comment now,” an irate Mnisi said speaking to the Siya crew.

Have a look at the 6 Pirates stars who could benefit from a move away from the club

Middendorp Facing Charges?

Did Chiefs' Result Affect Sundowns? Pitso Answers

Angry Baroka Coach: I Know How To Do My Job

6 comments

Top 5

10 Richest African Footballers In The World, Past & Present

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

Chiefs Keeper Leaving?

30 Apr 14, 2021 08:44 AM in Kaizer Chiefs

All Eight Teams To Have Qualified For CAFCL Quarters

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

8 Pirates Players At Risk Of Missing Crucial Downs Clash

27 Apr 13, 2021 04:01 PM in Orlando Pirates

Report: Ball Boy That CR7 Gave Shirt To Will Be Punished

9 Apr 14, 2021 10:27 AM in Messi/Ronaldo/Neymar Watch

Mendu's Chiefs Transfer Wish List

55 Apr 17, 2021 03:09 PM in Kaizer Chiefs

15 Ex-Downs Stars Who've Simply Just Disappeared

5 Apr 15, 2021 08:55 AM in Mamelodi Sundowns

Chiefs Keeper Leaving?

30 Apr 14, 2021 08:44 AM in Kaizer Chiefs

20 Chiefs Players Who Moved Overseas

5 Apr 14, 2021 08:02 AM in Kaizer Chiefs

The Highest-Paid African Stars In The EPL

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

Benni’s Usuthu Compensation

17 Apr 14, 2021 12:51 PM in Bafana

12 Players Who Went Bankrupt

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

'Its A Privilege' - Mabaso Honours Late Ex-Pirates Star

1 Apr 13, 2021 01:01 PM in Orlando Pirates