Durban, South Africa – In a dramatic twist, the proposed R20 million takeover of Royal AM by controversial businessman Roy Moodley has fallen through after the Premier Soccer League’s (PSL) executive committee rejected the deal.
Sources confirm that while an agreement was reached between Moodley’s camp and the club’s court-appointed curator, the PSL’s leadership blocked the sale, leaving the embattled KwaZulu-Natal side back on the market.
The collapse throws Royal AM’s future into fresh uncertainty, with the club still under curatorship after SARS seized control from Shauwn Mkhize over tax debts. Players and staff, who had briefly returned to training amid takeover hopes, now face renewed instability.
No official reason has been given for the PSL’s rejection, but Moodley’s politically charged reputation and recent SARS dealings may have factored into the decision.
With the team rooted at the bottom of the Premiership and multiple postponed matches still unresolved, the clock is ticking for a new buyer to step in. The PSL is expected to issue a statement soon as the search for a rescue deal continues.
What’s next?
– Royal AM remains in limbo, still owned by SARS via curatorship
– Urgent need for a PSL-approved buyer to save the club from relegation and fixture chaos
– Players’ futures in doubt as financial guarantees vanish with failed sale
The saga continues – but for now, Royal AM’s survival hangs by a thread.