Highlands Park have reportedly become the second high-profile club in the Premier Soccer League (PSL) to sell their topflight status.
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With Bidvest Wits, who were set to celebrate their 100th anniversary next year, having been purchased by businessman and TTM owner Masala Mulaudzi, the Lions of the North will now be taken over by new owners ahead of the 2020/21 campaign.
According to Soccer Laduma, Tim Sukazi, the owner of TS Galaxy in the GladAfrica Championship, has completed the deal to now own the Lions of the North, with the likelihood of relocating the club to Mpumalanga.
Sukazi was previously interested in purchasing Bloemfontein Celtic, but opted to walk away and argued that he was giving Free State residents the chance to try save the club and keep it in the province.
Soccer Laduma further added that the Highlands board were prepared to settle on R30-million as the value of their topflight status, provided that star duo Mothobi Mvala and Peter Shalulile be excluded from the deal in the hope that they would be able to make up their valuation of R60-million for the franchise, though it’s unclear at this stage how much the two players are likely to be sold for.
Head coach Owen da Gama is said to have been approached by TTM, who recently bought the status of the Clever Boys and are looking for a new coach.