{"id":10036,"date":"2022-07-09T15:38:27","date_gmt":"2022-07-09T15:38:27","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake"},"modified":"2022-07-09T16:05:43","modified_gmt":"2022-07-09T16:05:43","slug":"senwelo-keen-on-10-chiefs-stake","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake","title":{"rendered":"Senwelo keen on 10% Chiefs stake"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Entrepreneur, Moemedi Senwelo has proposed to buy a 10% stake in popular Kgatleng giants, Mochudi Centre Chiefs following the club\u2019s recent transition from a society to a company.<\/b><\/p>\n

Last week, Chiefs announced it has privatised and Senwelo is among the interested suitors. Last month, Senwelo, who is the chief executive officer at CRACKiT Tuition Centre, announced plans to acquire a 70% stake but faced challenges as Chiefs was run as a society and not a company.<\/p>\n

His hopes have, however, been rekindled after the Kgatleng giants transformed a company last week.<\/p>\n

The club has reserved 70% for investors while 20% is allocated to a consortium of the club\u2019s founders, with the remaining 10% meant for supporters. Senwelo said he adjusted the figure from 70% after a meeting with Chiefs management. \u201cI have adjusted the percentage I was asking for.<\/p>\n

The development of the stadium and other things, I\u2019ve set aside because the Chiefs management came and clarified how they want the team to be developed,\u201d Senwelo said in an interview.<\/p>\n

He said Chiefs promised to give him a priority in the stake before accepting any other bid from investors since he has already sponsored the club. \u201cSo before they consider anyone, they\u2019ll consider me,\u201d he said. \u201cThey asked me to write a proposal, which I\u2019ve done and they are yet to give me feedback.<\/p>\n

They said they\u2019ll not give me feedback this week because of funeral preparations, but I\u2019m expecting to get feedback next week,\u201d he added.<\/p>\n

Chiefs\u2019 chairperson, Edwin Mothulatshipi said the board cannot hand over the whole 70% stake, but has to analyse what an investor can provide to the team before they can make the decision. \u201cAs the board, we would first check and assure what the bidding investor will provide in the team. We can surely discuss whether to give him the whole 70% or give them [interested investors] a slice of the stake,\u201d Mothulatshipi said.<\/p>\n

He confirmed Senwelo has made his proposal but he is not the only one as there are other interested investors. Mothulatshipi said he is worried that most investors may seek the financial report but he has not received it from the club\u2019s treasurer. \u201cAs of now, I have received all reports except the one-year and six months financial report.<\/p>\n

I\u2019m worried about this because investors may look away after the failure to present the report,\u201d Mothulatshipi said Mothulatshipi has urged the Magosi family to remain patient as changes loom in the club. He said there is need to support the management\u2019s decisions. Mothulatshipi is concerned that some people may think that they still have a say in the team, which could cause unnecessary commotion.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Entrepreneur, Moemedi Senwelo has proposed to buy a 10% stake in popular Kgatleng giants, Mochudi Centre Chiefs following the club\u2019s recent transition from a society to a company. Last week, Chiefs announced it has privatised and Senwelo is among the interested suitors. Last month, Senwelo, who is the chief executive officer at […]<\/p>\n","protected":false},"author":84,"featured_media":10035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,17,16],"tags":[233,237,234],"class_list":["post-10036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-sport","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nSenwelo keen on 10% Chiefs stake - Botswana<\/title>\n<meta name=\"description\" content=\"Entrepreneur, Moemedi Senwelo has proposed to buy a 10% stake in popular Kgatleng giants, Mochudi Centre Chiefs follo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senwelo keen on 10% Chiefs stake\" \/>\n<meta property=\"og:description\" content=\"Entrepreneur, Moemedi Senwelo has proposed to buy a 10% stake in popular Kgatleng giants, Mochudi Centre Chiefs follo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-09T15:38:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-09T16:05:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_2-62c9a73fcc6b0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"792\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Senwelo keen on 10% Chiefs stake\",\"datePublished\":\"2022-07-09T15:38:27+00:00\",\"dateModified\":\"2022-07-09T16:05:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\"},\"wordCount\":463,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_2-62c9a73fcc6b0.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"sport\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/senwelo-keen-on-10-chiefs-stake\",\"name\":\"Senwelo keen on 10% Chiefs stake - 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