JOHANNESBURG – Platinum Stars chairman Cliff Ramoroa has confirmed that the club was up for sale and that the Royal Bafokeng nation were keen on holding talks with whichever party was interested in buying the club.
Ramoroa, speaking at the unveiling of the club’s new signings, said the current financial climate in the country was such that they were forced to take the decision.
“The club is owned by the Royal Bafokeng nation. And Royal Bafokeng gets their money from the mines. Due to the financial crisis which is ongoing in the country, we are considering different models to run this team,” Ramoroa said.
“One of these models is disposing of the team. Should that be the case, though, the intention is to have the team still playing here (in the North West), using the very same venue and training facilities they’ve been using all this time as Platinum Stars.
“It’s not going to be a major change other than that being a transactional one.”
Ramoroa reaffirmed his players that the selling of the club wouldn’t see a majority of them losing their jobs, as one condition of the sale includes players keeping their respective contracts.
“This matter has been going on for a very long time,” Ramoroa said. “The players are aware of it following a number of meetings we’ve had with them to explain our current situation. And that’s why many of them were confident enough to sign new contracts with us going into this season.”
Asked if there were any tangible deals presented to them of late, following their keen interest to sell, Ramoroa said: “No, not at the moment. We are still in the process of discussing which model we are going to use to handle our club situation.
“Should we sell, though, our only wish is to see this team still playing in the North West. That would be nice for all of us, our fans included.
“The PSL would have to first approve that deal, though. It is the association that has the power to decide (on the sale).”
Platinum Stars new signings
Dino Furson (GK), Thabang Sesinye, Lehlogonolo Masalesa, Ennocent Mkhabela, Luvo Mpeta, Matlaba Maboke, Thembelani Majiko, Katlego Otladisa, Sibongakonke Mbatha (loan), Brian Mwila.