Palacios questions PSL club sales

Premiership

Former Bafana Bafana head coach Augusto Palacios says there should be criteria in club sales that will prevent what is currently taking place at Tshakuma Tsha Madzhivhandila.

Tshakhuma owner Lawrence Mulaudzi has sold the club less than seven months since purchasing the top-flight status of Bidvest Wits, who have since ceased to exist.

The Premier Soccer League on Thursday evening confirmed the approval of the club's sale to a corporation by the name of Protoscape 202 CC, which is believed to be Abram Sello.

The quick exchange of hands has brought about plenty of criticism on both Mulaudzi as well as the PSL, and Palacios has called for more stringent background checks on club owners.

"Listen, I can have my very honest opinion to say in a professional way you understand. For example, let's say TTM buys a club, how many players remain in TTM from the previous club? Three [laughs]," Njenje tells KickOff.com.

Check out these previous high-profile PSL status sales

"Now you have Galaxy whose owner [Tim Sukazi] had more experience because, apart from being a [former] agent, he already had the team in the First Division and he never had any problems financially.

"The problem for me is very simple, when you buy the status, these person who buys, does he have the budget to run the club for the next three years at least? What is the reason to buy it? There needs to be a reason. 

"You can't bank on the money you receive from the PSL because, when coming to salaries, it's first the players; second – the technical team; third – it's development structures; fourth – the Diski team; fifth – the facilities; sixth – transport; seventh – accommodation; and then the staff who works for the club. 

"When people buy [a club], there needs to he a criteria. Let's say you buy a club for R40 million, now you need another R4 million a month to run it, so you're talking at least another R40 million per year."

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