Barely few days after announcing that Masters Group of Companies has stopped bankrolling relegated side Masters Security, the club’s owner Alfred Gangata has put the team up for sale.
The development comes against the background that the 2018 Carlsberg Cup champions have disbanded.
According to a press statement released on Monday and signed by the club’s General Secretary Christopher Njeula, the club is inviting interested buyers to purchase Masters’ franchise.
The statement states that the club was affiliated to the Central Region Football Association (CRFA) having been relegated to the second tier league.
However, Njeula did not state the value of Masters’ franchise.
“Thought this was the right way, considering the club has valuable assets in human resource. Actually, we purchased Rangers FC which we named Masters on our way to clinching Super League status,” Njeula said.
On Monday CRFA Vice General Secretary, Antonio Manda, confirmed that Masters alongside other relegated sides Mlatho Mponela and Dwangwa failed to beat the registration deadline to join the league. The deadline ended on Saturday.
Meanwhile, CRFA officials will meet today to discuss if it is necessary to give the three teams grace period to join the league.
Masters have unearthed top players such Nigerian Babatunde Adepoju, Ghanaian Eric Atsigah, midfielder Francis Mkonda, strikers Vincent Nyangulu and Juma Yatina who joined Be Forward Wanderers.