5 PSL club owners who are now BROKE.

he Premier Soccer League (PSL) in South Africa has been a cornerstone of the nation’s football culture. However, several club owners have faced significant financial challenges, leading to operational difficulties and, in some cases, the sale of their clubs. This article examines the financial struggles of five notable PSL club owners and the impact on their respective teams.

1. Shauwn Mkhize – Royal AM FC

Shauwn Mkhize, a prominent businesswoman, acquired Real Kings FC in 2019, rebranding it as Royal AM FC. Despite initial success, the club has encountered financial difficulties, including unresolved salary issues and a FIFA transfer ban. These challenges have raised concerns about the club’s future and its ability to compete effectively in the PSL.

2. Jomo Sono – Jomo Cosmos FC

Jomo Sono, a legendary figure in South African football, has faced financial challenges with his club, Jomo Cosmos FC. The club has struggled to maintain its status in the PSL, leading to discussions about its future and potential sale. Sono’s financial difficulties highlight the challenges even seasoned club owners can face in sustaining a football franchise.

3. Max Tshabalala – Bloemfontein Celtic FC

Max Tshabalala, the owner of Bloemfontein Celtic FC, encountered financial issues that led to the sale of the club’s PSL status to Tshakhuma Tsha Madzivhandila (TTM) in 2021. This move was part of a broader trend where financially struggling clubs sold their PSL status to more financially stable entities.

4. Leon Prins – Highlands Park FC

Leon Prins, the owner of Highlands Park FC, faced financial challenges that culminated in the sale of the club’s PSL status to TS Galaxy FC in 2020. This transaction was part of a broader trend where financially struggling clubs sold their PSL status to more financially stable entities.

5. John Comitis – Ajax Cape Town FC

John Comitis, the owner of Ajax Cape Town FC, faced financial difficulties that led to the sale of the club’s PSL status to Stellenbosch FC in 2018. This move was part of a broader trend where financially struggling clubs sold their PSL status to more financially stable entities.

The financial challenges faced by these PSL club owners underscore the complexities of managing a football franchise in South Africa. While some clubs have managed to navigate these difficulties, others have been forced to sell their PSL status to more financially stable entities. These developments highlight the need for sustainable financial practices within the PSL to ensure the long-term viability of its clubs.

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