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The Rule That Could See A Snag In The Wits Purchase

The Siya crew recently reported that the potential buyers of one of the country's oldest clubs have made huge strides in their pursuit, but a league rule would make purchasing the club difficult.

Read:Could Speedy Gabuza Face Jail Time?

It is understood TTM owner Masala Mulaudzi has made a deposit of around R10-million to Wits, to all but secure the deal of the Braamfontein outfit.

The latest is that Mulaudzi’s pursuit of the 2017 Absa Premiership champions could hit a snag thanks to clause 14.4 of the NSL handbook, which states:

“No person or entity may, directly or indirectly, acquire an interest or shareholding in a Member Club or a right to become a member of the League if he or it has, directly or indirectly, held an interest or shareholding in another club falling under the jurisdiction of the League in the twelve (12) month period preceding the transaction”

Having still been in ownership of TTM's GladAfrica Championship status in the 2019/20 campaign, Mulaudzi falls under the jurisdiction of the league and by law would not be able to purchase the club.

Previously John Comitis purchased the now-defunct Mpumalanga Black Aces in 2016, however the sale did not form part of the clause as the former Ajax Cape Town boss severed ties with the club in 2013 and was not an active owner of a club at the time of purchase.

Read: Then And Now: How Gabuza’s SSU Career Compares To His Time At Pirates

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