Royal Am Sale Collapses As Roy Moodley's Bid Falls Through - What's Next For Troubled Club?
Royal AM are reportedly back on the market after Durban businessman Roy Moodleys deal to buy the club collapsed at the last minute.
Get your news on the go, click here to join the IOL News WhatsApp channel .Daily Maverick reported in 2023 that a number of Moddleys entities have been implicated in alleged state capture schemes that occurred when Zuma was still the countrys president.
When it is finalised, we will send a press release, Venter was quoted by the Sowetan .
Last week Mkhonto weSizwe Party MP David 'Mazolman' Skosana confirmed he submitted a bit to purchase the troubled KwaZulu-Natal club, but his R15 million offer wasnt enough to seal the deal .
Due to the failure of Moodleys bid, Skosana could very well make another attempt to buy the club. The door could also be open to the foreign investor linked with sports minister Gayton McKenzie who is interested in moving the club back to the Free State to revive Bloemfontein Celtic.