The PSL has released a statement confirming they have approved the sale of Tshakhuma Tsha Madzivhandila.
The full statement reads:
The Executive Committee of the League today considered an application submitted by the Black Gold Trust to transfer the club, Tshakhuma Tsha Madzivhandila to a corporation by the name of Protoscape 202 CC.
The application for approval met the requirements of Article 14 of the NSL Handbook, and was consequently approved albeit with conditions
The conditions imposed by the Executive Committee included that: the contracts of employment of all players are transferred to the Purchaser; disputes that may exist will be dealt with by the corporation; and any awards or rulings handed down must be satisfied by the corporation.
The club will continue to campaign as Tshakhuma Tsha Madzivhandila.
iDiski Times reported on the potential sale in the latest edition of our newspaper.