Royal AM is on the verge of PSL expulsion amid Shauwn Mkhize’s spiralling debt.
According to Sassa Insider, the successful, outspoken reality star turned business mogul has a net worth of around R300 million thanks to several successful companies she owns, including Inyanga Trading, Zikhulise Auto Recoveries and Zikhulise Maintenance and Transport.
According to reports, Mkhize owes SARS R40 million and forward Samir Nurkovic R11.1 million, after a FIFA court ruling went in favour of the Serbian striker – totalling her bill to R51.1 million.
Former player Ricardo Nascimento is also in legal pursuit over Royal AM’s lack of payment, meaning Mkhize’s debt could rise substantially further.
With an approximate net worth of R300 million, outsiders are unsure why she hasn’t settled and kept Royal AM afloat – the Premier Soccer League are expected to decide whether to expel the club by the end of the week.
Mkhize statement
Royal AM last kicked a ball on December 29 and has since been forced to postpone eight fixtures as players went on strike over unpaid salaries.
Mkhize released a statement in January, stating that, “the club’s management team, led by our CEO and General Manager, has been working diligently with the curator to secure the necessary permissions to release funds for salary payments,
“It has always been the ethos of Royal AM to prioritise the well-being of our personnel, and we remain dedicated to upholding that principle despite the current challenges,
“We appreciate the patience and support of our players, staff, and their families during this difficult time. Additionally, we thank our fans, sponsors, and broader stakeholders for their continued trust and loyalty,” Mkhize added.
“Royal AM is committed to preserving the integrity of the club and ensuring its long-term success. We remain optimistic that this situation will be resolved soon, and we will provide timely updates as developments unfold.”
What should the PSL do with Mkhize and Royal AM?
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