The Premier Soccer League (PSL) has confirmed the sale of DStv Premiership side Tshakhuma Tsha Madzivhandila FC to a corporation by the name of Protoscape 2020 CC which is owned by Dr. Abram Sello.
“The Executive Committee of the League today considered an application submitted by the Black Gold Trust to transfer the club, Tshakhuma Tsha Madzivhandila to a corporation by the name of Protoscape 202 CC,” read a statement from the PSL.
“The application for approval met the requirements of Article 14 of the NSL Handbook, and was consequently approved albeit with conditions.
“The conditions imposed by the Executive Committee included that: the contracts of employment of all players are transferred to the Purchaser; disputes that may exist will be dealt with by the corporation; and any awards or rulings handed down must be satisfied by the corporation.
“The club will continue to campaign as Tshakhuma Tsha Madzivhandila.”