Bobby Motaung, the football manager of Kaizer Chiefs and son of club founder Kaizer Motaung, is embroiled in a fresh legal dispute that could see him lose his stake in the prominent South African football club.
A Johannesburg-based property firm, Pent Up Investment CC, has approached the High Court seeking to have his estate placed under sequestration in a bid to recover a debt exceeding R4.5 million.
The matter relates to an unresolved property transaction dating back to 2009, involving a commercial site in Mondeor, Johannesburg. The deal, initially valued at R9 million, was entered into through Motaung’s company, Lakeshore Trading 224. The property includes a petrol station near the well-known Gold Reef City.
According to court filings, only R6 million of the agreed amount was paid, leaving a balance of over R4.3 million still outstanding as of January 2024. Pent Up Investment director Costas Couremetis argues that despite this long-standing debt, Motaung has failed to meet his financial obligations while continuing to lead a lavish lifestyle. As a result, the company is now pushing for a court order that may compel the liquidation of Motaung’s assets, including his shares in Kaizer Chiefs, to recover the owed funds.
Motaung, however, has publicly downplayed the situation. Speaking to Sunday World, he claimed the issue had been settled “a long time ago.”
Despite this assertion, the legal proceedings are moving forward, with a court hearing reportedly expected in the coming days.
This isn’t Motaung’s first brush with financial and legal trouble. In the past, he has faced a R90 million tax dispute with SARS and was also accused of fraud in connection with the Mbombela Stadium project. The fraud charges were ultimately withdrawn in 2016 due to a lack of evidence.
