In a dramatic turn of events, the South African Revenue Service (SARS) has announced plans to sell Royal AM Football Club to recover millions of rand in unpaid taxes. The club, owned by prominent businesswoman and reality TV star Shauwn “MaMkhize” Mkhize, is grappling with severe financial challenges, prompting SARS to take control of its assets to settle the substantial tax debt.
The decision follows Royal AM’s failure to meet its tax obligations, despite repeated warnings and attempts to resolve the issue. SARS has now moved to liquidate the club’s assets as a last resort to recover the outstanding amount. This development marks a significant blow to the club, which has been a prominent name in South African football.
Royal AM, known for its vibrant presence in the Premier Soccer League (PSL), has faced mounting financial pressures in recent months. The club’s inability to address its tax liabilities has led to this drastic action by SARS, which is mandated to enforce tax compliance and recover unpaid funds.
Further details about the timing and process of the sale are expected to be released in the coming days. The move has sent shockwaves through the football community, with fans and stakeholders expressing concern over the future of the club and its players.
For Shauwn Mkhize, this represents a significant setback in her high-profile ownership of Royal AM. The sale of the club will not only impact her business interests but also leave a void in South African football, where Royal AM has been a notable contender.
As the situation unfolds, the focus will be on how SARS proceeds with the sale and what it means for the club’s players, staff, and loyal supporters. This development underscores the importance of financial responsibility in professional sports and serves as a cautionary tale for other clubs navigating similar challenges.