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Foreign Buyers Make Strong Case For Royal AM?

Foreign Buyers Make Strong Case For Royal AM?

With the South African Revenue Services yet to reveal the buyers of Royal AM, the Siya crew understands that bidding has gone over R20 million.

The deadline for submissions was on Friday, 14 March, and SARS was meant to make a provisional announcement for the successful offer on Monday.

As revealed by the Siya crew last week, there are individuals beyond the shores of South Africa who are interested in buying the club and there is a possibility that the troubled club could be owned by foreign businessmen.

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The club was placed on auction after it was revealed that owner Shauwn Mkhize owes the taxman in access of R40 million. A curator of SARS took charge of the club and it was placed on sale, with the threat of liquidation. 

Minister of Sports and recreation, Gayton McKenzie, is believed to be involved with a consortium interested in buying the club and renaming it to Bloemfontein Celtic. 

The minister has made it a mission to bring back Celtic to professional football after former chairman Max Tshabalala sold the club's top flight status to Royal AM. Indications are that the consortium looking to bring Celtic back to professional football has been working tirelessly behind the scenes to ensure the people of Bloemfontein have their team back.

David 'Mazolman' Skosana, who previously worked for SuperSport United and is currently an MP at the MK Party, revealed that he was part of a consortium interested in buying the club, but believes their offer of R15 million may not be enough. He was speaking to the Sowetan, as he also revealed that they were planning on moving the team to KwaNdebele.

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It's believed, however, that there is a good chance that SARS could go with a foreign buyer who has more buying power. Interest from a Congolese and a Greek buyer have come through and it's believed that there is a chance that whoever gets the club will be a foreign national.

Bidding started at R15 million, but interested candidates are believed to have gone over the R20 million.

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