Rantsi Mokoena: Free State Stars in better financial shape with sale of Ayanda Nkosi, Justice Chabalala, Sello Japhta and Lucky Mohomi
Posted: 27 September 2016 Time: 10:55
Free State Stars general manager Rantsi Mokoena says the recent sale of four players has stabilised the club's financial position.
Ea Lla Koto looked set to change hands in the off-season amid interest from a consortium led by Gauteng MEC Panyaza Lesufi, but the PSL decided against approving the deal.
Mokoena, however, says Stars are looking healthier after offloading Ayanda Nkosi, Justice Chabalala and Sello Japhta to Orlando Pirates, and Lucky Mohomi to Mamelodi Sundowns in the past transfer window.
"We managed to make four sales this past window," Mokoena tells KickOff.com.
"We've created enough budget to carry us until the end of the season. But the fact that next season is upon us and we are still in the same position, obviously it gives a platform to more problems going forward.
"However, there's talk of (the PSL) grant increasing next season so we will try our best to try and run a tight ship. But this season we sold enough to cater for the budget this season.
"And again it is always going to be our business model going forward to sell players in an effort to try and create a budget for the season."
Mokoena also dismissed rumours that National First Division side Royal Eagles were looking to buy their topflight status.
"I can categorically say that is utter nonsense," he says.
The Bethlehem-based outfit remain on the lookout for a head coach following the dismissal of Frenchman Denis Lavagne last week just three games into the season.
Caretaker boss Themba Sithole guided the team to a goalless draw with SuperSport United at King Zwelithini Stadium on the weekend.