The South African Revenue Service [SARS] Curator has issued a statement to shed light on why Royal AM remains in the market. On Thursday, Durban businessman Chockalingam “Roy” Moodley was reported to have made a successful bid at auction for the club after offering about R25 million. Fast forward a few hours later, and news… Continue reading SARS Curator Details Failed Royal AM Deal
Tag: Chockalingam “Roy” Moodley
Businessman Roy Moodley’s Royal AM deal collapses
The Royal AM saga continues after the Premier Soccer League (PSL) rejected the deal on Thursday. Earlier on, African Times reported that Durban businessman Chockalingam “Roy” Moodley had made a successful bid to the SA Revenue Service (SARS) Curator, which would have paved the way for Royal AM to resume league action. However, the PSL… Continue reading Businessman Roy Moodley’s Royal AM deal collapses
Jacob Zuma’s close associate buys Royal AM
KwaZulu Natal club Royal AM is reportedly now in new hands following a recent auction. Local publication Sportswire has confirmed Durban businessman Chockalingam “Roy” Moodley has won the bid, taking over from businesswoman Shauwn Mkhize, whose financial troubles with the SA Revenue Service (SARS) led to the SARS curator putting the club at auction. Details… Continue reading Jacob Zuma’s close associate buys Royal AM