Official: Wits-TTM sale approved

Premiership

KickOff.com can confirm that the PSL has approved the sale of Bidvest Wits to Tshakhuma Tsha Madzhivhandila.

A letter dated 12 July from the PSL's legal counsel Michael Murphy addressed to Wits CEO Alan Fainman and TTM owner Lawrence Mulaudzi confirms approval of the transction.

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This website is in possession of a letter titled 'Bidvest Wits Football Club: Transaction: Application to the Executive Committee: Conditional Approval' in which it is confirmed in writing the deal has been ratified.

"I have received the confirmations required and you have approval of the transfer of Bidvest Wits Football Club," Murphy states in the letter.

Mulaudzi was busy at the time of publication and could not talk while Fainman could not be reached.

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KickOff.com can also confirm that TTM are set to announce new sponsors and partners before the beginning of the new season, and had been waiting for League approval of the sale before closing those deals.

Businessman Mulaudzi plans to move TTM to Limpopo to play at Thohoyandou Stadium and has confirmed they will not retain Wits head coach Gavin Hunt.

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Wits, which would have turned 100 years old next year, becomes the most high-profile franchise change since Swallows FC bought Maccabi FC's NFD status in 2019 in the pursuit of a return to the Premiership.

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