TS Galaxy owner, Tim Sukazi, Kaizer Chiefs cost a cool R1 billion

TS Galaxy owner, Tim Sukazi, Kaizer Chiefs cost a cool R1 billion

- TS Galaxy owner Tim Sukazi has said that Kaizer Chiefs football club could cost a whopping R1 billion

- Speaking to the South African Football Journalists' Association, Sukazi made the evaluation

- Sukazi recently bought out Highlands Park's PSL status

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The owner of TS Galaxy has recently made the evaluation that football club Kaizer Chiefs could be worth a whopping one billion rand. He made this huge estimate while speaking to the South African Football Journalists' Association recently.

Sukazi recently bought Highland Park's PSL, which saw his National First Division team, TS Galaxy moving way up the PSL status. The purchase has apparently cost Sukazi a hefty R60 million rand.

He says however that Kaizer Chiefs will cost way more to attain.

"If you're talking Kaizer Chiefs, Orlando Pirates or Mamelodi Sundowns, then you're talking something else, maybe even one billion," he said.

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He then went on to say:

"There is no chance you can buy Kaizer Chiefs for under R1 billion. You must look at what's there at the club. They have got a Vodacom sponsorship that they maybe spend R75 million or R80 million alone, and then there Toyota and all those other sponsors."
TS Galaxy owner, Tim Sukazi, Kaizer Chiefs cost a cool R1 billion
Chiefs is worth an est. R1 billion. Source: Twitter/KaizerChiefs official page
Source: Twitter

He also said that Kaizer Chiefs was a well-decorated club sponsorship-wise. Something which according to him has monetary value to it. He also predicted that their sponsorship could go up to R150 million.

During his interview with SAFJA, he also said that other things like player value, goodwill and the team's rich history would also bulk up the price for Kaizer Chiefs even further.

In other Briefly.co.za breaking sports news, Pitso Mosimane has reportedly resigned as the Mamelodi Sundowns coach to join a large north African team. On Wednesday, news broke that Mosimane stepped down as the Brazilians' coach only weeks after winning yet another South African championship.

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According to reports, Mosimane made the decision to leave the Sundowns to join Al Ahly in Egypt as soon as he is available. TimesLIVE broke the news on Wednesday, linking Mosimane to the Egyptian giants as well as the CAF Champions League Wydad Casablanca of Morocco.

According to the publication, Mosimane was approached after the Sundowns managed to win their 10th Premiership title in a dramatic show off against the Kaizer Chiefs - who had been the favourites to win the tournament.

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Source: Briefly News

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