Royal AMhave a new owner who has taken over from Shauwn ‘MaMkhize’ Mkhize following a takeover by SARS in January.
As reported on The South African website, a businessman from KwaZulu-Natal won the bid to purchase Royal AM at last week’s auction.
Now, the name of the new Royal AM owner has been leaked, and a formal announcement is expected in due course.
WHO IS ROYAL AM’S NEW OWNER?
According to local reports in the media, Chockalingam “Roy” Moodleyis the new owner of Royal AM.
Moodley is reported to be a controversial businessman who owns Royal Security and has deep political connections.
He is reported to have also won a large SARS tender in 2023, meaning he has the financial muscle to keep Royal AM afloat.
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