PSL asked to rescind Platinum Stars sale
Advocate Ratanang Nke has reportedly submitted a demand to the PSL to halt the sale of Platinum Stars.
Platinum Stars team picture (Aubrey Kgakatsi/BackpagePix)
Dikwena were sold to Rawat Petroleum for a reported fee of R22.5 million last month.
But, according to the Sowetan, Nke is objecting what he calls a “paltry” price tag on Dikwena, and the fact that coach Roger De Sa acted as an intermediary for Rawat Petroleum.
“I have written to the league, and [acting] chief executive Mato Madlala responded, saying the executive will come back to me after their meeting on February 22 [tomorrow],” Nke told Sowetan.
“I want the PSL to rescind the decision to go ahead with this transaction because it’s shrouded in secrecy. For instance, I know for a fact that there was a bid for R35 million, I was told there was another for R40 million.
“So why settle for R22 million? And as it is, we don’t know who these owners are and that’s against corporate governance, and the PSL’s own rules.”
Nke added that he also wrote to Royal Bafokeng asking them to provide full details on the transaction.
“They have to disclose everything because the PSL rules say you can’t sell to someone who sold their status a year ago,” said Nke.
Nke added that if the PSL doesn’t accede to his request, he will go to court.
PSL spokesman Lux September is quoted as saying the league had already ratified the transaction but referred further inquiries to Madlala.
