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Mathamela eyes FC AK

By Mark Gleeson | Sep 20, 2012 | COMMENTS [ 23 ]

HAVING blown an estimated R20-million on Atlie FC, Tembisa-based businessman Thabo Mathamela is now negotiating to take over FC AK.

Mathamela has been in discussions over the purchase of the Eldorado Park-based side after his own team were relegated from the National First Division, sources involved in the deal said.

Last year the millionaire businessman, who made his fortune in the security and transport sector, bought Nathi Lions and managed to get the club's name changed and relocated it from Durban to Tembisa.

But his Atlie team finished at the bottom of the NFD after a flurry of coaching changes, including Styles Phumo, Conti Khubeka, Sello Chokoe and Mlungisi Ngubane.

Jerry Sikhosana is being lined up to lead the new team.

The club will be coached by former Bucs skipper Dan Malesela and the players have already moved to the capital. But the sale is yet to be approved by the PSL.

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COMMENTS [ 23 ]

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he's not paying their employees busy waisting money these idiot

Sep 20, 2012 8:5 | 0 replies

this guy has all the cars I like, dont like tha Hummer from his collection, Ekurhuleni must be paying him well,

Sep 20, 2012 9:26 | 0 replies

piet
@ kabelo

true bro,we have only 2 malls in thohoyandou which are not enaf at all.
mths end it turns to be a crazy town
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you fo.ols are dronk, why dont ask Malema and Mabulu who splashed their moolah at Mauratius and stop telling us shyte about Zumaville you do.gs

Sep 20, 2012 9:32 | 0 replies

Look here, if you buy a team, change the name and move the club hundreds of km away, you may as well have started a new club. No wonder they bombed out. He should by AEK Athens as opposed to FC AK, I mean really, who the helll are FC AK... what is his ambition with this outfit, change the name, relocate to Upington and get relegated...

Sep 20, 2012 10:23 | 0 replies

Look here, if you buy a team, change the name and move the club hundreds of km away, you may as well have started a new club. No wonder they bombed out. He should by AEK Athens as opposed to FC AK, I mean really, who the helll are FC AK... what is his ambition with this outfit, change the name, relocate to Upington and get relegated....

Sep 20, 2012 10:27 | 0 replies

He is intoxicated by money. I wonder how much does he pay his security guards.

Sep 20, 2012 10:36 | 0 replies

Another monied brother making a stupid investment. NEXT year he is going to be buying another club. Well it better than a R20 million Buffalo though - Ramaphosa. Thabo you need a business advisor. R20 million invested wisely you can be richer than most club owners within few years.

Sep 20, 2012 12:10 | 0 replies

@Tsatsatsa
Another monied brother making a stupid investment. NEXT year he is going to be buying another club. Well it better than a R20 million Buffalo though - Ramaphosa. Thabo you need a business advisor. R20 million invested wisely you can be richer than most club owners within few years.
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bona if you can ask them to borrow R2m with intention of bringing it back , they can tell you way to hell yet they are doing all stupid investments

Sep 20, 2012 12:16 | 0 replies

@Sowetan...

You are scared of truth. You don't have ''Without fear or favour'' kind of attitude. Morons.

Sep 20, 2012 2:33 | 0 replies

Dude you should have bought a buffalo

Sep 20, 2012 3:10 | 0 replies

@piet
@ kabelo

true bro,we have only 2 malls in thohoyandou which are not enaf at all.
mths end it turns to be a crazy town
+++++++++++++++++++++++++++++
2 malls in thohoyandou? i only know one which is mvusuludzo,ahh nahone that thing is not a mall is just a passage

Sep 20, 2012 9:20 | 0 replies