It's Friday ladies and gents and time for  #KnowYourOwner

Today we take a look at the lot of  @goldenarrowsfc1 who many know to be owned by Mato Madlala but there is a lot more to the ownership of the club than that.

This thread takes a deeper look

#DStvPrem  #PSL

As usual, I'll re post my disclaimer. I'm not an auditor, accountant or statistician nor am I a sports journalist. I'm merely a fan who likes to read up on the business side of sport and this is all publicly available information.

Let's begin

#Arrows #DStvPrem #KnowYourOwner

Arrows was founded in 1943 in the streets of Lamontville in Durban and played in the National Professional Soccer League in the 1970s until being relegated in 1976. In 1980 they were embroiled in scandal and subsequently thrown out of the NPSL before being formed again in 1996

In official records, Rocky Madlala and his family bought the Second Division franchise of Ntokozo FC and changed its name to Lamontville Golden Arrows but right from the beginning of this story, there was an ownership scandal which ended up in court.

Two former players, Jubane Zungu and Mahlalela Hadebe took Rocky Madlala and others to court over the ownership of Arrows. They claimed to have partnered with Madlala to buy Ntokozo FC before its renaming

They alleged that Rocky and Mato Madlala then registered the club under their names in 2001 and stopped taking their calls. From what I can gather, the matter was last at the Durban High Court in 2005 and as at 2007 it was still unresolved but I am unaware of the resolution.

Rocky and Mato Madlala would run Arrows together until 2007 when he passed away from cancer.

He was a player turned lawyer who played for Lamontville Nylon City, Lamontville Suburbs and Formula 80 Arrows - where he played as a midfielder.

Onto current day owners

Dolores Thokozile Madlala or Mato as she is known, is the only female head of a football club in the PSL. There is very little known about her personal life but I do know she is an accountant by profession. She's a big player in football and holds some key positions.

To begin with, she’s temporary CEO of the PSL and has been in that position since 10 November 2015 and will celebrate her five year anniversary in about two weeks. Many reasons have been provided as to why she has been temporary for so long but this is the core reason.

According to articles 17 and 18 of the NSL handbook on the Executive Committee and the Chief Executive, the CEO is appointed by the NEC and not elected thus, she can serve in perpetuity because the term has no limit.

#KnowYourOwner #GoldenArrows

The short answer to questions about her length of tenure is they don't have to and financial success the league has seen under her leadership, means they really don't want to see her go.

Revenues sky rocketed to over a Billion with her at the wheel and she's good for business

To further highlight her influence in the game, Mato Madlala also serves on the South African Football Association NEC, the highest decision making body in local football. She truly has the trilogy locked down, leading the PSL as CEO and also owning a club in Golden Arrows

Regarding other business interests, Mato Madlala is said to be a director in nine other companies but details are scant. What I did find is that she is a former board member of Cullinan Holdings, a giant of the travel and tourism sector.

#KnowYourOwner #GoldenArrows

Onto her co-director at Golden Arrows, Nkosinathi Allen Khena. The 59 year old from KZN holds a B.Comm, University of Durban Westville, LLB and postgraduate diploma in management, University of Natal and a Masters in Business Leadership through UNISA.

He is currently the CEO of PRASA CRES (Corporate Real Estate Solutions) but has a long history in the transportation management sector. In 2002, Khena became the first black Managing Director of PUTCO before they delisted from the JSE in 2006.

Khena has a long and stories history with entities linked to the state. In 2012 he was fired from his then position as CEO of NSFAS under a cloud barely six months into his tenure.

@FloydShivambu of the EFF wrote a long and fascinating article on this https://www.politicsweb.co.za/news-and-analysis/listen-to-the-kids--floyd-shivambu

He also held a position as CEO of Autopax which is a wholly owned subsidiary of PRASA and operates two bus services, the luxury brand- Translux and semi luxury brand-City to City. He left that position in 2019

Also in 2015, Nathi Khena took over as acting group CEO of PRASA after Lucky Montana was dismissed. Lucky Montana then opened a case of fraud against Khena and others including Popo Molefe alleging that PRASA stood to lose nearly R100 million because of them

In 2018, an auditor general report found that Khena and other executives had received unauthorised overpayments after the appointment of Collins Letsoalo. The auditor-general went on to say Khena should repay all the payments which were wrongly made to him totaling R600k

As a leadership team, the KZN natives have immense experience in the management and administration sector. Mato Madlala in particular has played a colossal role in South African football and has led the league to unprecedented heights.

That's all from me and #KnowYourOwner today