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Investor leaves Eleven Angels

Changes: Mpatane confirmed Kgathola’s departure PIC: PHATSIMO KAPENG
Changes: Mpatane confirmed Kgathola’s departure PIC: PHATSIMO KAPENG

FRANCISTOWN: Eleven Angels coach and owner Seemo Mpatane has confirmed that businessman, Peter Kgathola has divested from the club, five months after he was unveiled as an investor.

Earlier this week, MmegiSport learnt that Kgathola who was brought in amid much fanfare, no longer holds any shareholding at the club. In April, Kgathola was allocated 50% ownership of the club while Mpatane retained a 50% stake.

Before Kgathola’s arrival, Mpatane enjoyed sole ownership of the club. However, CIPA (Companies and Intellectual Property Authority) records have now allocated Kgathola the designation of former director. Records also show that Mpatane has since assumed full ownership of the club once again. Furthermore, CIPA records state that Kgathola officially ceased being part owner of the club last week Friday. Various sources maintain that Kgathola has not been involved in the affairs of the club for some time.

Editor's Comment
DIS must correct costly stalemate

More than P8.1 million has already been spent, yet there appears to be no lasting solution in sight. This is not simply a dispute between the DIS and a group of officers. It is a matter of public accountability. Every pula spent by government comes from taxpayers who expect public funds to be used wisely and responsibly, especially during economic hardships faced by many.The officers exercised their constitutional right to seek justice through...

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