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SA SOCCER NEWS
Rangers set for Cape move 06/11/05
Manning Rangers have ended speculation regarding the ownership of the club after it was confirmed that they have sold their franchise to a Cape Town-based consortium.

Last week the KZN club actually sold its franchise to Durban businessman Eshu Seevmarayan for R1.1 million. However, there was a clause in the contract which stated that the deal would be called off if a higher offer came in.

This was indeed the case as consortium Fidentia Group stepped in with a offer of R1.5-million during the week.

A spokesmen for Fidentia, Andrew Tucker, says that the plan is to relocate the team to the Cape in the near future.

"Our offices are in the Cape and the plan is to relocate the club at a later stage. There are certain things we must clear with the PSL, such as finding a suitable venue before this can be done," he told the Sunday Times.

Tucker also confirmed that all contracted Rangers staff members will remain part of the club.

"Obviously, we are looking at our position on the log [Rangers are second from the bottom in the 16-team league] and we need to make additions to the squad.

"We will discuss this with the technical team and see how we can strengthen the side."


 

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