Dr Nkuna sets record straight on ‘buying’ Kaizer Chiefs

Property mogul Dr Mike Nkuna has set the record straight on rumours that he’s intending to buy Kaizer Chiefs from the Motaung family.

Reports have been circulating on social media that Nkuna is willing to take over this most powerful institution in the South African football.

This comes at a time when millions of Chiefs fans are unhappy with the club following a series of poor results.

The nine-year trophy drought has led to some believing that Dr Kaizer Motaung and his family no longer have the interest of Chiefs at heart.

However, Dr Nkuna said what has been reported about him buying Chiefs are false.

Nkuna said in a statement that he remains a committed board member of Amakhosi, and has no intention to be a football administrator.

DR NKUNA HAS NO INTENTION TO BUY KAIZER CHIEFS – FULL STATEMENT

“It is regrettable that the current statements circulating on social media referencing to intentions by Dr Mike Nkuna to purchase Kaizer Chiefs are false.

“He has expressed his reluctance for any administration [role] of the Kaizer Chiefs F.C., thus refuting the assertion to bring in players and new management.

“Noteworthy, Dr Nkuna remains a committed board member of Kaizer Chiefs F.C while his primary focus is on property development.”

WHO IS DR MIKE NKUNA?

Dr Mike Nkuna is a well-estabilished property mogul who owns Masingita Group Companies – who are 100 percent black-owned.

Masingita Group Companies specialise in property development, construction and asset management.

The Group own Jabulani Mall and Protea Glen Mall in Soweto, Masingita Plaza and Masingita Mall located in Giyani, Mphephu Plaza in Siloam, Morena Mall in Mmabatho, Makhado Crossing in Makhado, and Stimela Crossing in Barberton.

They also own Masingita Crossing in Malamulele, Zebediela Plaza in Zebediela, Boitumelo Junction in Welkom and Nkuna Kraal in Nkuzana.

Dr Nkuna is among the most successful businessmen in the country.