Strive Masiyiwa Launches Bid To Takeover SuperSport United

Strive Masiyiwa Launches Bid To Takeover SuperSport United
Strive Masiyiwa x SuperSport logo (credit: Online)

Zimbabwean billionaire Strive Masiyiwa has launched a bid to take over South African club SuperSport United.

This is the first time Masiyiwa, who made the bulk of his fortune in telecommunications, has been linked with a football club.

Masiyiwa’s takeover bid is subject to approval from the Premier Soccer League executive committee.

The Econet Wireless founder is not the only one interested in taking over affairs at SuperSport United.

Should Masiyiwa’s bid fumble, another consortium connected to Bidvest Wits will likely take over at the club,

South African journalist Maskepe Matsebane said Masiyiwa has no intention to rename the club if his takeover bid is successful. However, should the former hierarchy of Wits snatch the deal under his nose, there’s a potential rebrand and relocation on the cards.

Matsebane reports that some top officials at SuperSport United want the club sold to Bidvest, but Masiyiwa made a higher offer than Bidvest.

SuperSport United has long been mooted to be sold amidst the reported financial constraints at the club which has notably seen its business model change over the last decade.

Since winning three consecutive league titles between 2007 and 2010, the club has only finished once inside the top three but still managed to win six domestic cups.

However, their business model has seen them transform into a club developing promising talent and selling for profit to domestic rivals in recent years.

ZimCitizens understands that should Masiyiwa’s bid be successful, Stan Matthews will likely take over as the permanent CEO of the DSTV Premier Soccer League. The position has been temporarily held by Golden Arrows Chairlady Mato Madlala over the past three years.