According to reports, troubled Betway Premiership side Royal AM have been disqualified from the Nedbank Cup due to their failure to fulfil a key fixture against Milford United.
The club’s inability to honour its commitments stems from ongoing financial difficulties, leaving fans and stakeholders in disbelief.
The turmoil surrounding the KwaZulu-Natal outfit has been exacerbated by the personal financial issues of its owner, Shauwn Mkhize, who is currently embroiled in a staggering R40 million tax debt owed to the South African Revenue Service (Sars).
This severe financial strain has intensified speculation about the future of Royal AM, with reports suggesting that the club are on the verge of being sold.
Royal AM’s disqualification not only delays their progress in the Nedbank Cup but also creates a vacancy for Sekhukhune United to advance to the last 16, where they will face Milford United this Sunday in Durban.
The winner of that match is set to meet Mamelodi Sundowns for an anticipated quarter-final clash.
In a court ruling aimed at addressing the financial disarray, a curator has been appointed to oversee the club’s affairs, with a directive that they be put up for sale.
This decision has appeared to bring an end to the uncertainty surrounding the operational status of the club, with the curator emphasising the urgency of the sale to prevent potential liquidation.
New investors would face a significant challenge, as they would need to inherit all debts and obligations, while hoping to turn the struggling entity into a profitable business.
The Premier Soccer League (PSL) have also recently suspended all monthly grant payments to Royal AM due to insufficient exposure of their headline sponsor, Betway.
