Why I sold TTM – Mulaudzi

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Former chairman of Tshakhuma Tsha Madzivhandila Masala Mulaudzi has opened up on the sale of the club to pharmaceutical entrepreneur, Dr Abram Sello.

The PSL on Thursday confirmed that they have approved an application submitted by the Black Gold Trust to transfer TTM ownership to Protoscape 202 CC, owned by Sello.

Mulaudzi bought the DStv Premiership status from Bidvest Wits barely eight months ago.

But Vhadau Vha Damani’s existence in the elite league was marred by controversies ranging from unpaid salaries to mismanagement

Speaking to SABC Radio station, Phalaphala FM on Thursday night, Mulaudzi says together with his family, they resolved that this was the right time to step back from the football business.

“Firstly I would like to apologise to those who are disappointed with the decision that we made (to sell the status),” said Mulaudzi.

“We were criticized a lot when we bought the Bidvest Wits status to Venda and it was our people who were doing those things, being jealous and laughing at us when we bought Wits. I don’t know why they would do such things, but it’s the same people who wouldn’t buy a team who were criticising us. But there were also people who showed us support and were fully behind us through it all.

“But the challenges we were facing were becoming too much and it ended ruining my reputation, because football is my side business from my main businesses. So we realised that it was becoming too much, so perhaps because the football business was out of our depth because I gave inexperienced and unknowledgeable people from home too much responsibilities to run a football club. So we ended up having financial problems whereby I ended taking the little I was saving for my family,” he explained.

“We sat down during the festive season with my family and agreed that this club is costing us a lot of money because we looked at where we started when we bought Bidvest Wits, we realised we have already spent over R60 million just on the club, adding with the money we used to buy the (Wits) status. Then we realised that perhaps this is not our kind of business. So we decided that since the covid-19 economic constraints is affecting everyone, it will be better we step back from football.

“There is a Dr (Sello Ntsoko) who came with offers countless time but I refused to sell. So later on there was a group of men from Limpopo who came with an offer to sponsor the team, but owning some shares. I advised them to rather buy the team than just having some shares because it normally doesn’t work out in football. So that’s when they made an official offer of R40 million to buy the club,” added Mulaudzi.

“There are people who learnt from this and there are people who made mistakes, we also learnt because learning doesn’t stop. So we can’t stand here and point fingers or blame anyone for our failures, except for Sello Chokoe who stole around R4 million from us.

“Football is meant to unite people not to divide. That’s why up to this day, I have never made any enemy with anyone in football except for the one who stole money from us recently. So to the supporters of TTM and football loving people, football did not start in Tshakhuma and football won’t end in Tshakhuma. Let’s go and support the teams that are there. We tried but we failed where we failed. We will dust ourselves and move on,” he added.

RELATED STORY: CONFIRMED: PSL approve TTM deal

By Ofhani Munyai

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