Latest: Moroka Swallows sale now up to PSL hierarchy

Latest: Moroka Swallows sale now up to PSL hierarchy

The pending sale of Moroka Swallows is now up to the Premier Soccer League executive committee, SABC Sport has established.

As reported by the public broadcaster last week, The Dube Birds are not expected to return for the 2024/25 season with owner David Mogashoa ready to accept legitimate bids having put up the club’s DStv Premiership for sale. 

It’s understood there have been talks behind the scenes with several interested parties, among them two of his counterparts in the Motsepe Foundation Championship in Abram Sello and Farook Kadodia. 

Sello owns Marumo Gallants, while Kadodia is in charge of Maritzburg United, two teams recently relegated to the second tier and desperate to get back into the big time by purchasing a topflight status. 

According to information gathered by SABC Sport as things stand, Sello is indeed the front runner with his offer meeting Mogashoa’s asking price believed to be in the upward region of R40-million – the minimum going rate for a stake in the Premiership. 

The two parties have gone as far as exchanging documents as the due diligence process begins to take shape, pending a review and ratification by the PSL Exco when the hierarchy sits in the coming days.  

Mogashoa is being forced to sell because of the financial strain Swallows is understood to have put his business under, especially after negotiations to have Telkom or Gold Rush as potential sponsors fell through. 

Sello and Kadodia, meanwhile, had a grand plan to launch their respective teams back into the elite division after just one season in the National First Division.

But it was Magesi FC who clinched automatic promotion, with AmaTuks and Baroka FC qualifying for the play-offs currently ongoing. 

Swallows and Gallants have agreed a deal in principle that will see the Soweto giants cease to exist as a topflight side and their Limpopo counterparts relocate as well as rename the team – but all this depends on the greenlight from the PSL. 

Confirmation is expected before the start of the new season in early August as soon as the Exco is satisfied with documents around the sale.

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