Tshakhuma Tsha Madzivhandila boss Masala Mulaudzi has confirmed that the club is officially on sale in order to make way for an Absa Premiership status that they in a process of acquiring.
The businessman was speaking on SABC radio station Phalaphala FM on Thursday night after reports emerged earlier during the week that the club was facing financial hardships.
Although he confirmed that the club was in the process of being sold, Mulaudzi refuted reports that it was due to financial troubles at the Limpopo side.
“Yes I can confirm that the club is on sale but that’s not where it ends,” said Mulaudzi.
“Our vision was to be in the top league (Absa Premiership) within five years so TTM cannot play in the GladAfrica Championship anymore, which means next season TTM must be in the Absa Premiership. But if we fail to gain promotion at the completion of this season, we have other ways of finding the club at the Absa Premiership.
“Even though this season is still in progress we are busy making means that we find our team at the top league if we don’t get promoted, unless if there are hiccups but whether they get promoted or not, TTM will be playing in the highest League next season.
“The value of this club according to the current market is between R15-million and R20-million so we will sell the club so that the money is used to fulfil our dream of getting an Absa Premiership status. We are busy talking to two teams now in the top league, our lawyers are busy drafting agreements so it might happen that we sign agreements or we tear the papers apart,” continued Mulaudzi.
“Fact of the matter is that the club is being sold because we are tired of competing in the second division, issues of financial problems is news to us that we don’t know.”
Mulaudzi admitted that the PSL deducts part of their R500 000 monthly grant due to the club owing some of their players their salaries.
“It is true that the PSL takes our grant because we failed to manage the club but not because we don’t have money. TTM still have money but we do admit that we are still learning and as you know learning doesn’t end.”
Mulaudzi obtained the GladAfrica Championship status from then Western Cape based side Milano United back in 2017.
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By Ofhani Munyai