PSL Crisis: Royal AM Sanctioned Amid Financial Issues
With the PSL giving Royal AM a month to resolve their financial issues, the club's management is racing against time to find a solution, exploring legal options to operate under curatorship and ensure their continued participation in the league.
Royal AM's financial woes have led to a critical meeting with the Premier Soccer League (PSL), resulting in sanctions that will prevent them from competing this weekend, affecting players like Sibusiso Magaqa and their upcoming matches.
The PSL's decision to place Royal AM under curatorship comes after the club's president, Shauwn Mkhize, failed to pay debts owed to the South African Revenue Service (SARS). This move has significant implications for the club's future, with the PSL giving them a month to resolve their financial problems. If Royal AM fails to meet this deadline, they risk facing further action from the PSL, which could have severe consequences for the team.
In an attempt to mitigate the situation, Royal AM is taking the matter to court, seeking permission to operate under curatorship. This would allow them to continue with their football affairs, including competing in upcoming matches. The club's management is working to find a solution, but the clock is ticking, with the end of February looming as a critical deadline.
As the situation unfolds, fans of Royal AM and the PSL will be watching closely, hoping for a resolution that will allow the team to continue competing without further disruption. The outcome of this situation will have significant implications for the future of Royal AM and the PSL as a whole.
