Highlands Park chairman Brad Kaftel has denied reports suggesting that the club has sold its Premier Soccer League (PSL) status.

Recent reports have suggested that the Lions of the North were selling their PSL status to TS Galaxy owner and chairman Tim Sukazi for an amount of R50 million.

However, the club chairman has since confirmed that the club was not sold and that the rumours are false.

‘We’ve never sat down as a board of directors and said we want to sell the club,’ Kaftel told the Sowetan.

‘We got into this business because we are passionate about Highlands Park. I played for Highlands Park in 1982, so we got involved with this club as the passionate main supporters.

‘I have been with this club since I was 19 and I’m 57 – almost 40 years with this club.’

However, the chairman revealed that they would only listen to offers and consider it if they are approached by somebody interested in buying their status.

‘We are not putting the club up for sale; all we said in the past is that if somebody approaches us with an offer and we have to consider, it will break our hearts, but I suppose financially things are tough, we will have to look at it,’ he added.

Kaftel also admitted that he has been in talks with Tim Sukazi and revealed that the if the club were to sell their status it would be at the end of the 2019-20 season.

‘Nothing is concluded at this point. Look, as business people we talk, but it is not different to any other businesses,’ Kaftel continued.

‘There are rumours, we see them but we don’t comment too much. The truth is, any sale of players or team will only happen when the season is over. Probably when the season is over I can give you information, but at this point we are focusing on resuming the six games and we want to win all of them.

‘Look, it is a tough business. Football business is not easy to make a good return out of, it is difficult. We certainly have not made profit in the six years running the club in the GladAfrica Championship and Absa Premiership.

‘It is costly; in the last six years we lost money every year, that’s a fact. It is a very tough environment.’