Kaizer Chiefs Have Rubbished Reports That the Club Is Being Sold for R512 Million

Kaizer Chiefs Have Rubbished Reports That the Club Is Being Sold for R512 Million

- South African football giants, Kaizer Chiefs, have responded to media reports that the club is being sold to new Saudi Arabian owners for a staggering R512 million

- The Naturena-based club, Chiefs, have issued a statement on their social media platforms, denying the reports that the club is put on sale

- Chiefs said the news is fake as they responded to a number of questions posed by the fans on its Twitter account

- The response by this season’s CAF Champions League semi-finalists, Chiefs, comes after some media outlets reported that the club has lost R278 million in the past five years

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Kaizer Chiefs has responded to reports that they are considering selling the club to new Saudi Arabian owners for R512 million.

The rumours surfaced after the Soweto giants have performed below par in the past few seasons as they still fight to secure a spot in the top eight.

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Amakhosi have also fired coach Gavin Hunt but are enjoying a successful run in the continent after booking a place in the CAF Champions League semi-finals.

It has been speculated that Chiefs parted ways R278 million in the last five years, and that has prompted the club’s hierarchy to sell.

Owned by Kaizer Motaung who is also the chairman, the Naturena-based club managed to return to winning ways on Wednesday afternoon, beating Golden Arrows at FNB Stadium.

Kaizer Chiefs have rubbished the reports that the club will be sold to Saudi Arabian owners. Image: @KaizerChiefs/Twitter
Kaizer Chiefs have rubbished the reports that the club will be sold to Saudi Arabian owners. Image: @KaizerChiefs/Twitter
Source: Twitter

Looking at the comments from the Glamour Boys' family, a number of fans seem to buy the story that the club might have new owners come next season.

The post reads:

“Fake News! The Club is not for sale! Please be aware of fake news going around social media and other platforms. Please follow us on our official Club properties for authentic news. You can e-mail us and call us to confirm as well.”

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Amakhosi fans their views

@Mz_Umxhosa said:

“As if the club will say it publicly when it is on sale. Or as if the club will tell the public when sold. The only thing I can say is nothing goes unnoticed, at the end, everything will come out.”

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@Balcknificento said:

“Yhooo Where there's smoke there's usually fire.”

@Mshengulala said:

“Honestly speaking this didn't even deserve a response but thanks for dispelling the rumours anyway.”

@SandileGT said:

“You might as well sell it because ke "family business", supporters don't have a say.”

@Cobycee said:

“I somehow think those rumours have substance, the deal looks lucrative.”

@Nhlanhlahlats13 said:

“I don't understand my fellow supporters..if you are really a @KaizerChiefs fan or know the brand...you can't wish this fake news to be true..this proves that baningi omafika izolo kwi team.”

Chiefs return to winning ways at FNB Stadium

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In other sports stories, Briefly News reported that Wednesdays are not always very exciting, but Chiefs fans were having the time of their lives. Chiefs played against Arrows in the DStv Premiership and they did not disappoint.

Things are looking up for Amakhosi after they beat the Arrows 3-2. The hero of the match was Lebogang Manyama, who scored a hat trick and was also responsible for all of Chiefs goals.

He scored in the 31st, 73rd, 79th minutes of the match while the Arrows out of some stiff resistance and managed to score two goals (Michael Gumede 21’, Erick Mathoho o.g 62’).

It was unsurprising that Manyama was declared man of the match, he deserved the accolade after his outstanding performance.

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Source: Briefly.co.za

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