Things continue to spiral for Royal AM, the football club owned by businesswoman MaMkhize.
The club is currently facing severe financial challenges, with reports confirming that players have not received their December salaries.
But the situation is even more complicated, as the team is now under the curatorship of the South African Revenue Service (SARS).
MaMkhize’s Ongoing Struggles with SARS Impact the Club
This turn of events comes after MaMkhize failed to settle her tax obligations, reportedly owing around R40 million to SARS in unpaid taxes.
These financial woes have had a significant impact on her business ventures, and unfortunately, Royal AM is feeling the strain the most.
With the club’s funds frozen due to the SARS curatorship, the team has been unable to make crucial salary payments to its players and staff for December 2024.
Efforts to Resolve the Situation
In light of the ongoing issues, MaMkhize has issued a press statement offering some clarity.
According to her, the club’s management team, led by the CEO and General Manager, is working closely with the appointed curator, Jaco Venter, to secure the necessary permissions to release funds for salary payments.
MaMkhize reassured fans and employees alike, emphasizing that Royal AM has always prioritized the well-being of its personnel.
Despite the challenges, she stressed the club’s commitment to maintaining this ethos.
Hugo Nyame Leaves Royal AM Amidst Financial Struggles
As Royal AM grapples with its financial crisis, it has also lost a long-serving player.
Cameroonian goalkeeper Hugo Nyame, who had been with the club since 2018, confirmed that he has parted ways with Royal AM.
His contract expired in December 2024, and he has now become a free agent.
In an interview, Nyame shared, “My contract ended December 31, and I’m now a free agent, available to join any team.”
Although he’s left the club, Nyame has been training with them to stay sharp as he seeks a new opportunity.
He also declined to comment further on the club’s financial troubles, saying, “I prefer to leave anything related to Royal AM to those that are still contracted to the club.”
The Future of Royal AM
With the financial difficulties surrounding MaMkhize’s club, many are wondering what lies ahead for Royal AM.
The club is currently in limbo, with its operations being closely monitored under curatorship.
As players like Nyame seek new opportunities, it remains to be seen how Royal AM will recover from these financial setbacks and rebuild both its reputation and its squad.
What are your thoughts on MaMkhize’s ongoing struggles with SARS and the future of Royal AM? Let us know by commenting below or getting in touch through email or WhatsApp for the latest updates.
This article was published on TDPel Media. Thanks for reading!Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn