Chiefs lose out as CRACKiT buys City Polar stake

The company, through its CEO, Moemedi Senwelo had initially expressed interest in acquiring shares at Magosi after they transformed into a company. However, the local entrepreneur yesterday revealed to Mmegi Sport that the proposal to Chiefs failed because he was told the club would not sell shares. He said Chiefs offered him a management contract, which he felt was not what he was looking for.

He said his interest was something permanent and felt with the management contract, it could be terminated anytime. He said City Polar then offered him 40% shares, which he gladly accepted.