Sars may liquidate Royal AM after auction fails

The South African Revenue Service (Sars) curator is contemplating running the process of liquidation on troubled club Royal AM now that the team is getting booted out of the Premier Soccer League (PSL).

- By Kgomotso Mokoena

This liquidation process is to recoup some money after last month's auction failed to attract the right buyers. Former SuperSport United PRO and MK Party member of parliament David “Mazolman” Skosana and Joe “Ferrari” Sibanyoni, a renowned entrepreneur in the taxi and logistics business, were some of those interested in the club.

The recovered monies will be shared by all those who are owed by the club, the players, staff and coaches.