PSL Club Royal AM to be Sold

In a significant development for South African football, Royal AM, a club synonymous with controversy and financial turmoil, is set to change hands. According to recent reports, the club will be sold, marking the end of an era filled with high aspirations but equally high challenges.

Royal AM, owned by flamboyant businesswoman Shauwn Mkhize, has been under the spotlight for months due to its financial difficulties, particularly a substantial tax debt to the South African Revenue Service (SARS). This debt, alongside other financial obligations, has led to the club’s current predicament. The issues came to a head when the Premier Soccer League (PSL) suspended all fixtures involving Royal AM due to their inability to guarantee meeting fixture commitments under SARS’s curatorship.

The decision to sell the club appears to be a direct consequence of these financial strains. SARS, having enforced curatorship over the club to recover the tax debt, has succeeded in pushing for the sale. This move was anticipated after months of speculation and discussions about the club’s future.

The sale of Royal AM not only represents a loss for MaMkhize, who had ambitions to elevate the club to new heights in South African football, but also signals a significant shift within the PSL. The club, once known for its lavish spending and high-profile signings, now faces a reset under new ownership, which will hopefully bring stability and a focus back on football. The specifics of the sale, including the buyer and the terms of the transaction, remain under wraps.