THOHOYANDOU, SOUTH AFRICA - DECEMBER 16: Rhulani Manzini of Tshakhuma FC celebrates goal with team mates during the DStv Premiership match between Black Leopards and Tshakhuma FC at Thohoyandou Stadium on December 16, 2020 in Thohoyandou, South Africa. (Photo by Philip Maeta/Gallo Images)
PSL Approves Sale of Tshakhuma FC

The Premier Soccer League has approved the sale of Tshakhuma Tsha Madzivhandila TTM to a company called “Protoscape 202 CC”.

The sale of the club comes just seven months after TTM owner Lawrence Mulaudzi bought the Premier Division franchise of Bidvest Wits in a deal that came to light in late-May and was confirmed by the PSL in July.

TTM have had a nightmare start in the 2020-21 DStv Premiership and are second from bottom, having been plagued by bad press over alleged unpaid players and player strikes.

The new owner is reported to be pharmaceuticals businessman Abram Sello‚ though his ties to Protoscape 202 are unclear.

The PSL said in a statement: “The executive committee of the league today considered an application submitted by the Black Gold Trust to transfer the club Tshakhuma Tsha Madzivhandila to a corporation by the name of Protoscape 202 CC. The application for approval met the requirements of Article 14 of the NSL Handbook and was consequently approved, albeit with conditions. The conditions imposed by the executive committee included that: the contracts of employment of all players are transferred to the purchaser; disputes that may exist will be dealt with by the corporation; and any awards or rulings handed down must be satisfied by the corporation. The club will continue to campaign as Tshakhuma Tsha Madzivhandila.”

Sport Industry Group
Sport Industry Group

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