Park chairman Brad Kaftel on Thursday morning confirmed the sale to GladAfrica Championship outfit Galaxy‚ owned by lawyer and former agent Tim Sukazi‚ and said the Premier Soccer League had on Wednesday evening approved the deal.This was reportedly regarding the deal not falling in line with section 112 of the Companies Act‚ which states that all shareholders need to be on board if a company is sold.
“ … In our contract‚ for example‚ that we signed in June Tim had to come up with the money and that took a while‚ and in that contract there’s a relegation clause. “TS Galaxy Football Club is proud to officially announce the acquisition of the status of Premiership division club‚ Highlands Park FC‚” Galaxy’s statement read.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TS Galaxy announce their acquisition of the Premier Division status of Highlands ParkTS Galaxy announce their acquisition of the Premier Division status of Highlands Park marc_strydom
Source: SowetanLIVE - 🏆 13. / 63 Read more »
TS Galaxy announce their acquisition of the Premier Division status of Highlands ParkTS Galaxy announce their acquisition of the Premier Division status of Highlands Park marc_strydom
Source: SowetanLIVE - 🏆 13. / 63 Read more »