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Swallows deal falls through

Free State Stars Football Club is back up and running and will compete in the upcoming PSL season.

Picture: sxc.hu.

CAPE TOWN - Free State Stars Football Club has confirmed the failed sale of the club's franchise to a consortium led by Gauteng MEC for Education Panyaza Lesufi.

The deal fell through after the consortium failed to meet some of the conditions of sale set by the National Soccer League, in particular relating to the payment of the sale price.

Free State Stars Football Club is therefore back up and running and will compete in the upcoming PSL season.

Free State Stars Football Club Chairman Mike Mokoena says, "We found ourselves in a situation where we had to inject in excess of R12 million in order to keep the Club afloat.

"We were quick to realise that the situation was unsustainable and that we were running the risk of either being relegated or running the Club into bankruptcy.

"We had to be unselfish and do what was right for the entire Club.Now that we find ourselves in this situation, we have no choice but to soldier on and hopefully turn things around."

Mokoena has thanked the PSL for the opportunity to consider Lesufi's offer.

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