Kaizer chiefs breaks the silence after it was reported that it was sold for R512 Million

Kaizer chiefs Football Club have broke the silence about the club being reportedly sold to the Saudi Arab oil company.

According to Kaizer chiefs official website, the club is NOT for sale. All these rumours circulating on social media about the club being sold are false.



In the post that circulated on social media, it was stating that the club is being sold for a prize more than R500 million.

Most Kaizer chiefs Football Club supporters were not pleased about those reports, however, they will now be able to breath.

A post that is said to be false, mentioned that in the past five years, the Soweto giants have lost almost R300 million.

Kaizer Chiefs recently parted ways with Gavin Hunt, and are reportedly on the verge to re-sign their former coach Stuart Baxter.