Orlando Pirates, one of South Africa's dominant soccer forces, has addressed reports surrounding a court application aimed at preserving funds linked to certain financial transactions. The club confirmed they approached the High Court as part of an investigation into suspicious financial dealings. This move comes as they prepare for the MTN8 final next Saturday. The investigation follows allegations of financial transgressions by their former financial manager, Darryl Joselowsky.
According to the club's forensic investigation, R20.2 million in payments were identified as unauthorized diversions into accounts controlled by Joselowsky. Furthermore, transaction records showed R43 million moving from Pirates' accounts into four flagged Standard Bank accounts between September 2016 and August 2026. The forensic analysis also identified 742 payments totaling R8.5 million with false beneficiary descriptions.
The club stressed that the court application is a precautionary measure and does not imply wrongdoing by the individual concerned. Orlando Pirates stated, "The Club has asked the High Court to preserve funds linked to certain financial transactions while those transactions are investigated. This is a precautionary step to protect the Club’s funds during the process." The individual involved is cooperating with the investigation.
Orlando Pirates reassured their supporters, partners, and sponsors that the matter has not affected the club's operations. The club confirmed that their day-to-day activities and commitments continue as normal, with their focus remaining on the team and the season ahead. This assurance comes as the club prepares for the MTN8 final against Mamelodi Sundowns.
The MTN8 final, scheduled for next Saturday, is a highly anticipated event, with tickets selling out within a day. Mamelodi Sundowns, however, faces an injury crisis ahead of the match, with key players Teboho Mokoena and Aubrey Modiba picking up international knocks. Orlando Pirates, on the other hand, have received a boost with the return of injured stars Evidence Makgopa and Thalente Mbatha to full-team training.
The court application and investigation have not affected Orlando Pirates' focus on their upcoming match. The club has opted against commenting further on the details of the application, stating they will provide updates when possible. This decision allows them to concentrate on their preparations for the MTN8 final.
The outcome of the investigation and court application will be closely watched by soccer fans and stakeholders. Orlando Pirates' commitment to a fair process for everyone involved is clear, with the club ensuring that their operations continue uninterrupted. The MTN8 final promises to be an exciting match, with both teams eager to claim the title.
Key points
- Orlando Pirates have approached the High Court to preserve funds linked to suspicious financial transactions.
- The club's forensic investigation identified R20.2 million in unauthorized payments and R43 million in transactions involving flagged accounts.
- The court application is a precautionary measure and does not imply wrongdoing by the individual concerned.
