Who owns Moroka Swallows?

2014-10-26 15:00

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Moroka Swallows’ minority shareholders have approached the South Gauteng High Court to force the club to reveal who the ­controlling stockholders are.

However, the group, which accounts for less than 10% of the shares, had their urgent application challenged by Swallows chairperson Leon Prins and the secretariat.

The shareholders – Charles Makhubu, Godfrey Gxowa, Solomon Thela, Themba Kwaza and Sam Maja – have asked PSL chairperson Irvin Khoza to intervene in the matter.

The group’s chairperson, Makhubu, said they were now ­demanding documents detailing the identities of stakeholders and registered members.

The minority shareholders put up an unsuccessful R30?million offer in August to buy the shares, presumably owned by the late Dieter Bock. Bock, a German businessman, died in 2010.

Makhubu said Prins had said the offer was insufficient.

He said: “He asked us to furnish them with details of how we would get the money and the backer, without revealing the exact cost of the shares. How is it possible that a foreigner can own more than 51% of the club? We believe this is against the PSL constitution. We want to get to the bottom of this matter, even if it means approaching the minister of sport [Fikile Mbalula] for help.”

Makhubu said the group had received a letter in August from a ­German law firm, Haberbosch & Straub Rechtsanwälte, addressed to Khoza, saying that Prins had been chief executive since 1999 and that all correspondence should be routed through him.

Makhubu said the group was willing to go to arbitration.

Prins said the matter had been thrown out of court with costs and he had nothing to hide.

He confirmed that there had been a bid to buy the shares.

“They did make an offer, but it was not proper. You need to disclose the source of funds, etc. Theirs was just a letter,” said Prins.

.?Meanwhile, the coaching musical chairs continues in the PSL. Bloemfontein Celtic coach Ernst Middendorp’s job is safe for the moment after he guided the club to two consecutive victories.

He was given three games to turn things around.

Phunya Sele Sele thrashed Polokwane City 5-1 and followed this up with a ­morale-boosting 2-1 win over the University of Pretoria.

However, the same can’t be said about Platinum Stars’ Allan Freese. He is on the verge of being given his marching orders with the club in free fall.

A loss to Kaizer Chiefs in the Telkom Knockout competition this afternoon could signal the end for the 58-year-old veteran.

Stars have already lost three times to Chiefs this season and another defeat will not go down well with the management of Stars.

Kosta Papic (Polokwane City) and Steve Barker (University of ­Pretoria) are also teetering on the brink.

Earlier this season, Cavin Johnson was fired by SuperSport United and City gave Boebie Solomons the boot. The latter has since joined National First Division side Cape Town All Stars.

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