Royal Am's Potential Sale: Why Mamkhize's Club May Go For A Massive Discount

The South African Revenue Services imminent sale of Premier Soccer League PSL outfit Royal AM will more than likely come with a massive discount - maybe even half the price Shauwn Mkhize paid for the club in the first place.

Mamkhize, as the flamboyant Mkhize is known, bought Bloemfontein Celtics top-flight status in August 2021 and moved the team to KwaZulu-Natal from the Free State. She paid about R50 million for Celtics, before renaming the club Royal AM.

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However, less than four years later, the club is set to be sold after SARS seized control of a number of owner Mkhizes assets, including the football club, allegedly due to the controversial businesswoman owing the tax collector around R40 million.

On Monday, Sars got the green light to go ahead and speak to potential buyers after Mkhizes application to take back control of the club was denied by the courts.