Ladies and gents, it's Friday and time for the second leg of the #KnowYourOwner series and this week we look at the other #DStvPrem new boys @TSGALAXYFC, and their owner @SukaziTim.
I'll focus on Tim's business life, the birth of Galaxy a little agent scandal and more. #PSL
As usual, I will re-post my disclaimer. I'm not an auditor, accountant nor am I a sports journalist. I am merely a football fan who likes to read up on the financial/business side of sport and this is all publicly available information.
Onto his work life and I must say, @SukaziTim is extremely accomplished and educated.
He holds a B.Proc and LL.B from Unisa as well as an LL.M from UCT. He was a partner at @Bowmans_Law between 03 and 08 before becoming a Bowmans director until 2013.
In June 2013, Sukazi founded Tim Sukazi Inc, a corporate and commercial law firm based in Sandton.
In addition, he owns sports talent management agency, Quality Talent Sports (QTS), overseeing the careers of stars such as @komphelasteve, Brilliant Khuzwayo and Lebohang Maboe
He also served as a member of the Gauteng Gambling Board until as recently as March 2019.
Onto the scandal. In 2014, Gordon Igesund was accused of colluding with agents (Sukazi's QTS among them) on Bafana selections and instructing players to go on strike during CHAN that year
Igesund was found not guilty by the Norman Arendse Commission but some recommendations were made including the banning of agents from any hotels that Bafana were staying at.
Sukazi vowed he would travel wherever he could afford to and would not be bound by the recommendations
In another 2017 scandal, Sukazi and the South African Football Intermediaries Association (SAFIA) was referred to @CompComSA for fee price fixing.
Sukazi's QTS agreed to pay a fine of more than R114 168.84. Sukazi then stepped down from the agency to avoid potential conflict.
Onto the club, Sukazi says the ‘club was established for the need for a young, vibrant and innovative club that is moving with the times.’
The former KwaNdebele had no club at any reasonable level of the game and he felt it was his responsibility to change that.
.@TSGALAXYFC purchased the NFD league license from Cape Town All Stars in May 2018. Prior to that Galaxy played in the ABC Motsepe League.
On Saturday 18 May 2019, Galaxy shocked the nation, winning their first inaugural trophy, the Nedbank Cup, beating Chiefs 1-0
The rise to the top table of South African club football was complete with the announcement that Galaxy had purchased the PSL status of @HighlandsP_FC.
And so we end. What a story @SukaziTim is painting so far@
On January 4, 2022, YouTubers and influencers Logan Paul, who is American, and KSI, who is British announced on a live Instagram feed that they had founded a new drinks company known as Prime Hydration
So who are these guys and why do they matter?
We'll start with Logan. He has about 98 million followers across his social networks - over 23 million subscribers on YouTube - and has ranked on the Forbes list for the highest paid YouTube creators in 2017, 2018, and 2021
- SA tourism mandate & performance
- Did Rwanda make money from Arsenal and PSG deals
- Cost compared to other deals
- Breaking down each year of the deal
- Key leverage rights
THREAD
The furore surrounding the proposed sleeve sponsorship of the English Premier League (EPL) football club Tottenham Hotspur (Spurs) by South Africa Tourism (SAT) is still raging.
There are many parts to this but we'll concentrate on the SA Tourism mandate and the deal
SAT is the official marketing agency of the National Department of Tourism. It's mandate is the effective marketing of South Africa as a domestic and international tourist destination.
They identify target markets for growth and have global offices from which they operate
Juventus handed a 15 point deduction and directors banned
Club found to have falsely inflated the value of players and misrepresented losses. Last year's financials showed losses of €254 million, the highest ever in Italian football.
The most cited example in the reported 42 suspicious Juve transfers being looked at by the FIGC is last year's deal between the 36-time Italian champions and Barcelona which saw Miralem Pjanic move to Catalonia and Arthur Melo go the other way.
Arthur was valued at €72 million and Pjanic €60 million, but even though nowhere near that amount of cash was paid both clubs could immediately book the values of the sales on their balance sheets.
20-25% of all new gym memberships are signed in January but almost all of the newbies fall off the wagon, making established gym companies highly profitable.
This is the business of fitness and nutrition 🏃♂️💪
THREAD 🔽
When it comes to attendance, stats show that gym memberships have increased over the years. In South Africa, for example, the number of Virgin Active gym memberships has grown from 497,000 in December 2021 to 587,000 in October 2022.
📸 Virgin Active Year To Date Membership
Virgin has 236 clubs in eight countries including Italy, the UK, Australia, Singapore and Thailand. It boasts approximately 905,000 adult members, with 66% of those based in South Africa. It has approximately 133 gyms across the country.
In November 2022 alone, hesgoal.com had over 100 million site visits 😳 then it was shut down ❌
Illegal sports streaming is made up of many complex layers and broadcasters are trying their hardest to fight back.
But is this a battle they can win?
THREAD ⬇️
A study conducted by the Digital Citizens Alliance estimated that illegal streaming costs the sports industry $3.3-billion a year. This figure includes not only lost revenue from advertisers and subscriptions, but also the cost of producing and airing the sports events themselves
Another study, conducted by the Sports Video Group, found that illegal streaming cost the sports industry $1.5-billion in lost revenue in 2018. This study did not take into account the cost of producing the events or other potential losses.
The history
The money and Mayweather contract
The other promoter
The postponement
THREAD 🧵
I begin this with full disclosure.
I am not affiliated in any way with the tournament, the King, Floyd Mayweather or the event organisers.
This thread was compiled through independent research as well as through my sources in sports business.
Let's go..
The late Isilo Samabandla, King Goodwill Zwelithini kaBhekuzulu, had a dream of "seeing the youth involved in social cohesion programs to empower the youth.
He had intended to create a boxing tournament in KZN and was involved in the design of the Bayede Championship belt