Masala Mulaudzi, the TTM chairman, has confirmed that they have sold their status for R10 million.“I put it in the market and said if the team is going to be sold to anyone outside of the Limpopo province, it is going to be R12 million, but if the buyers are in the province then I’d sell it for R10 million," Mulaudzi said. “As a businessman, I have interacted with the PIC, but at no point did I engage with Ms Zulu regarding my interactions. 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Laurence Mulaudzi, a business man from Kilimanjaro Capital with links to the Public Investment Corporation (PIC) continued to get funding from the corporation despite having a risk profile.. I don’t think we will experience any challenges in top flight football. "Fact of the matter is Bidvest Wits was not being sold. Tshakhuma Tsha Madzivhandila (TTM) owner Masala Mulaudzi has completed the takeover of Bidvest Wits with its players but they will not be … She is said to have fallen into the arms of Lawrence Masala Mulaudzi, who is the chairman of football club Tshakhuma Tsha Madzivhandila (TTM) from Limpopo. We’ve planned a lot. Tshakhuma Tsha Madzivhandila (TTM) owner Masala Mulaudzi is reported to be on the brink of buying Bidvest Wits.Wits, one of the oldest football clubs in South Africa, have reportedly been experiencing financial problems in recent years.This is despite coach Gavin Hunt's utterances in October 2019 that the.It is for this reason and many others that Wits have had to rely on free agents more than buying players of late.At the start of the year, the Students turned down a multimillion offer from Mamelodi Sundowns who wanted to sign Gift Motupa for the second half of the season.However, these fresh reports are not painting a pretty picture to the side that won a league and Cup double three years ago.As things stand, what's in the public domain is that TTM is serious about campaigning in the elite league next season.So much so that Mulaudzi confirmed on Phalaphala FM earlier this week he has already sold his team's NFD status for R10 million to fund their PSL project - the buyers are yet to be made public.Wits are the second PSL team reported to be in the process of being sold after Bloemfontein Celtic.Celtic, despite several denials from their management, are in talks with TS Galaxy boss Tim Sukazi who also wants to move the club from the Free State to Mpumalanga ahead of next season.Sukazi has already made it clear that he would do everything he can to get his team into the PSL for next season, adding the parties involved will deal with financials during the month of June before the proposed deal can be sent to the executive of the league for final approval.Both Wits and Celtic are held in high regard across the country for their contribution to South African football over the years.What has made Celtic prominent off-the-field, is their energetic fans who sing out in the stands through defeats, draws and wins.For Wits, their winning mentality coupled with an eye for experienced players and talent have made them successful in the league, especially since the arrival of Hunt in 2013.The Clever Boys have won three major trophies under the tutelage of Hunt in the last seven years.Goal contacted Bidvest Wits for an official comment on Sunday Times' story, but at the time of publishing, none of the calls was answered.Like us on Facebook to see similar stories,Steven Smith available for Rajasthan Royals' IPL 2020 clash vs CSK,I want to be intellectually challenged by my roles: Halahal actor Barun Sobti,Rashid Khan: I never think about wicket tally, my focus is always on bowling economically,EMI Moratorium: SBI releases eligibility conditions for restructuring by borrowers – Check details,A breast cancer drug shows promise to change prostate cancer treatment,EXCLUSIVE: Falguni and Shane Peacock's advice to brides, accessorising for D-day, pandemic's impact on fashion.Monday Blues killer! "That’s why even when we started the whole process, the news started leaking in the media some people went to Wits and offered to buy the club were told the club was not on sale," revealed Mulaudzi.Mulaudzi further confirmed that he bought Wits with all its players, adding that those who will be leaving the club will do so with his permission.According to Mulaudzi, there are players who are earning between R200 000 and R400 000 at the club, and because he cannot afford to continue paying them then TTM will definitely allow them to go while they will keep those they can afford.Players such as Thulani Hlatshwayo, Buhle Mkhwanazi, Gift Motupa, Haashim Domingo and Deon Hotto have all been linked with possible moves away from the club.

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