Royal Am Update: Red Tape Preventing Announcement Of Troubled Club's New Owners
The window for submitting purchase offers for embattled KwaZulu-Natal club Royal AM has officially closed, leaving the clubs future hanging in the balance amid financial uncertainty
According to reports, the clubs new owners were supposed to be announced this past Monday, but this has not happened, leading to questions about the bidding process and the clubs future.
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According to Cash N Sport , who describe themselves as Africas leading sports business authority, the announcement of the clubs new owners is being held back by red tape.
The executive committee of the NSL must first approve the sale of the club before anything can go ahead. And, it can be quite a lengthy process.
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