Chiefs lose out as CRACKiT buys City Polar stake

Mochudi Centre Chiefs PIC: PHATSIMO KAPENG
Mochudi Centre Chiefs PIC: PHATSIMO KAPENG

Kgatleng giants, Mochudi Centre Chiefs have lost out on a potential investor after CRACKiT Tuition Centre bought a stake at another ambitious Kgatleng side, City Polar.

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.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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