Cape Town Spurs CEO Alexi Efstathiou has confirmed the financial disagreement he had with Kaizer Chiefs.
Before the court battle that led to Asanele Velebayi joining Chiefs as a free agent, Efstathiou explained why the 22-year-old winger wasn’t sold to Amakhosi.
“We wanted R10 million for Asanele [Velebayi], but they offered R4 million,” Efstathiou said on the Marawa Sports Worldwide show.
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“They proposed two players on loan, but we declined. We are not interested in loaning players, and then they went silent. That’s what happened,” Efstathiou added.
After Spurs were relegated to the third tier, Chiefs signed Velebayi and his teammate, Luke Baartman, as free agents.