Bidvest Wits have finally confirmed that the club has been sold to Tshakhuma Tsha Madzivhandila pending approval from the PSL executive committee.

TTM announced via their social media pages on Saturday evening that they had sealed a deal to buy the Braamfontein club and relocate them to Venda.

Wits, however, failed to provide any comment on the deal, with players and staff alike stating that they had no knowledge of any deal and only heard about the sale via media reports.

Wits then reportedly held a meeting with the players and staff on Wednesday, reiterating the news abounding in local media for several weeks.

The club released a statement of their own, confirming the sale and why they had not commented earlier.

Club statement: https://t.co/YVr5kr63dd #Nakanjani ⚪️🔵 pic.twitter.com/21sXIg01mR

— Bidvest Wits (at 🏡) (@BidvestWits) June 17, 2020

‘Bidvest and TTM have reached an agreement for next season subject to PSL Exco approval regarding the sale of Bidvest Wits Football Club,’ the statement read.

‘The sale is a result of our shareholder’s, Bidvest, decision to review their sports-related sponsorships and brings to an end a 15-year-long partnership.

‘Our people are important to us and we will treat them with respect and fairness in these challenging times.

‘The sale of the club will not affect the players’ contracts in any way. With regard to the sale of the club and the manner in which it was announced to the public, I would like to reiterate that at the time of the announcement, the deal had not yet been signed.

‘Pen has now been put to paper between the new purchaser and Bidvest.’