Birds' takeover bid grounded

Moroka Swallows' takeover bid grounded

Posted: 24 June 2010 Time: 10:07 am

Bidders for Moroka Swallows, following the death of major shareholder German industrialist Dieter Bock, will have to wait longer before a decision is made on the future of the club.

Disclosing this, Namibian mining magnate Johnny Doeseb, who has submitted an offer for the Dube Birds, says all negotiations have been grounded until Bock's estate is ironed out.

"There is a process with regard to the estate. Until this has been finalised we don't know what the outcome of the bid is," Doëseb said.

Article by: AN Other
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