Royal AM Takeover Intensifies as Multiple Investors, Including Russian Businessman, Enter the Race
Royal AM’s ongoing financial crisis and PSL sanctions have sparked heightened interest from multiple investors, including a Russian businessman, as the club faces a potential sale. Meanwhile, the Premier Soccer League (PSL) is considering a major restructuring by promoting two teams next season instead of relegating any.
Russian Businessman Among Investors Eyeing Royal AM
A Russian businessman has emerged as part of a group of investors looking to acquire Royal AM’s PSL status. If the bid is successful, the consortium plans to revive Bloemfontein Celtic and bring the club back to its home city, Bloemfontein—a move previously backed by South Africa’s Sports Minister, Gayton McKenzie.
Bid Submission Deadline and Deposit Requirements
The deadline for bid submissions closed on Friday at 13:00, with all potential buyers required to submit a R1 million deposit to be considered.
Competing Bidders and Offers
In addition to the Russian businessman, other bidders include:
A North West consortium offering R21 million for the club’s PSL status.
Businessman David Skhosana and his partner, who have expressed serious interest.
Former Bidvest Wits General Manager, George Mogotsi, who has also entered the bidding process.
PSL Considering Relegation Rule Change
Due to the uncertainty surrounding Royal AM, the PSL is considering a unique restructuring of the league. Instead of relegating teams this season, the league may promote two teams for the upcoming season. This decision is still pending approval from the PSL’s executive committee.
Sport, arts and culture minister Gayton McKenzie has hinted that Bloemfontein Celtic, affectionately known as Siwelele, is set to make a return to the Premier Soccer League after almost five years of absence. https://t.co/ROFu6ri1rP
— Times LIVE (@TimesLIVE) March 7, 2025
Royal AM’s Financial Crisis and Liquidation Threat
The club has been on the brink of liquidation, with an appointed curator recommending either a sale or complete shutdown. Despite efforts from club president Shauwn Mkhize to retain ownership, the decision to sell was made.
Tax Debt and Unpaid Salaries
Royal AM’s financial troubles stem from a tax debt nearing R40 million, leading to:
Asset seizures by SARS
Delayed salary payments for players and staff
Overall instability within the club
PSL Sanctions and Suspended Matches
As a result of Royal AM’s financial struggles, the PSL has suspended the club’s remaining 19 Betway Premiership matches. Additionally, the club was barred from competing in the Nedbank Cup’s round of 32, signaling the league’s growing frustration with the situation.
Royal AM’s Position and Future
Currently bottom of the PSL standings with only eight points from 11 matches, Royal AM has not played a single match since December 2024. With the sale process underway, the club’s future remains uncertain.
Bloemfontein Celtic’s Anticipated PSL Return
As previously reported by Briefly News, Bloemfontein Celtic—also known as Siwelele—is set to make a comeback to South Africa’s top-flight football. Minister Gayton McKenzie has confirmed that the club will return following the auction of Royal AM.
Additionally, a new football team is set to be introduced in the Free State, further reviving the region’s football scene.
Source: Briefly News