Exclusive: Moroka Swallows open to bids for topflight status

Exclusive: Moroka Swallows open to bids for topflight status

Moroka Swallows could be putting up for sale signs in the coming weeks with owner David Mogashoa said to be ready to listen to legitimate bids.

SABC Sport has established The Dube Birds might not return to the 2024/25 season under the same leadership should an offer that is enticing, meet the chairman’s asking price and is ratified by the Premier Soccer League – following due diligence – is tabled.

To some, this might not come as a surprise given how much Mogashoa, a businessman, has had to dig deep into his own pockets to help keep the club afloat.

Such is the difficulty of running a topflight club without any major sponsors that the owner has come under fire from the South African Players’ Union [SAFPU], who claimed Swallows players were not being paid this past season.

READ: SAFA and PSL to delay implementation of Coaching Standards requirement again?

The public broadcaster has also previously reported how, not once but twice, any plans to confirm some financial aid from Telkom and Gold Rush were derailed by certain legalities when they were in the final stages.

It’s understood with these sponsors on board, Mogashoa would not be contemplating a sale given how hard he worked behind the scenes to bring The Dube Birds back after they were relegated from the elite division in 2015.

The public broadcaster has further learnt that there are interested parties keen to purchase the Swallows status, but they cannot be revealed at this stage as this could risk compromising any deal that has not been signed off officially.

A DStv Premiership franchise is believed to be worth an upwards of R40-million, which was reportedly the going rate for the last three topflight clubs to be sold recently in Bidvest Wits, Bloemfontein Celtic and Highlands Park.

When approached for comment on the possible sale of the club, Swallows chairman Mogashoa did not respond.