Rollers confirm new investor on the way

Kereng took over from Jagdish Shah at the beginning of the season but he withdrew from his roles effective May 31 (last Friday). Chairperson, Bafana Pheto on Friday confirmed through a press statement that the club is currently in a smooth transition from one investor to another. He said the ongoing process is delicate and needs to be treated with the utmost care and diligence. “There are issues to be finalised before all is revealed. Once everything is finalised, the right information will be shared with the TRFC family through the relevant platforms where members, supporters and key stakeholders are addressed,” Pheto said.

He also said Prestige Funeral Group remains a partner in good standing and that the club will communicate if anything changes. According to the press statement, Kereng had been serving a three months notice ahead of the departure date after notifying the club’s executive committee. “The club took this into confidence to gently manage the transition, while briefing members through the National Branches Committees (NBCs). The two parties have agreed to a cordial handover, and mutually manage the transition,” the statement further says. According to information from the club, Kereng, through his company, Prestige Parlours Group, had been involved with the Rollers’ membership drive for two years prior to him being club president.