AmaZulu have become the latest Premier Soccer League (PSL) franchise to exchange hands, with businessman Sandile Zungu becoming the top flight’s newest club owner.
The club was said to be in financial turmoil during the lockdown, with reports of players’ salaries not being paid in full.
According to reports, the players have been informed of the sale which is believed to have been sudden, amid preparations for the upcoming season.
The new owner is the chairman of Zungu Investment Company (ZICO) and currently serves as president of the Black Business Council (BBC).
He has acquired a 100% stake at the club.
Ambitious plans for Usuthu
Outgoing club chairperson Dr Patrick Sokhela revealed during a live press conference on Friday afternoon that health reasons influenced the decision to sell the club.
— AmaZulu FC (@AmaZuluFootball) October 2, 2020
The new owner also took to the podium, and stated his intentions to make AmaZulu – formed in 1932 – the number one team in the country come its centenary year.
This is despite a tough season, where they only scraped through to survive the drop, thanks to good form in the PSL bubble under the guidance of former striker Ayanda Dlamini, who took over from Serbian coach Jozef Vukusic.
“AmaZulu will no longer be a team that is fighting relegations, starting this year. If we fail to make the top four, we will have failed.”
Zungu said he plans to keep the club in KwaZulu-Natal.
More to follow.