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Mon 2 Jun 2003, 11:52 Bosses team up for Nail bid
Industrial Reporter 

WHICH other soccer personalities will be brought in and who they might be remain unanswered questions in Irvin Khoza's and Jomo Sono's bid to take over some of New Africa Investments Limited's (Nail) media assets. 

Although the two football heavyweights confirmed over the weekend that they had made a "proposal" to Nail, they said they wanted to bring in more individuals involved in club football in SA. 

Khoza, who is chairman of Orlando Pirates, refused to comment on whether Kaiser Motaung, the MD of rival Soweto football club Kaizer Chiefs, had been asked to join them in their bid . Motaung would not comment on whether he was interested in or approached to join the bid. 

While Khoza was hesitant to give any further details of the proposal, he confirmed that the bid was not being made through the soccer clubs Sono is the owner of Jomo Cosmos but rather by them as "business people". 

This meant that if a deal was done in their personal capacity, it would help negate any problems stemming from regulations regarding media ownership. 

This might help Motaung if he were to come on board, because the media group, Primedia, has a 40% holding in Kaizer Chiefs. 


Jun 02 2003 07:23:56:000AM Larry Claasen Business Day 1st Edition

   Monday 
02 June 2003 
 
  

 
  

 
  

 
  

 
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