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Silvers Stars FC Go Platinum

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South African investment company Royal Bafokeng Sports Holdings has acquired a 51 per cent stake in South African Premier Soccer League (PSL) team Silver Stars FC - first item on the agenda was to change the team's name to the Platinum Stars. Second item on the agenda was, according to George Khunou, managing director of RBSH, to go into the transfer market and purchase 'quality players to sweep the boards in the Premiership next season'.

Khunou, who was expected to be appointed the new chairman of Stars, said RBSH envisaged a three-tier development pyramid for soccer in the province: “At the base of the pyramid is the development of soccer among children in the region from the age of six; in the middle is the further development of the sport among older players, including schools’ ‘elite’ players; and at the top there is Platinum Stars. At each level of the pyramid we will work with major stakeholders
in the region, including government, Safa, mining companies and local communities.”

UPDATE: RBHS Acquires 100% of Platinum Stars FC

November 2007 - Royal Bafokeng Sports Holdings has announced it will acquire the remaining 49% of the shares from co-owners Messrs Larry Brookstone and Joe Mapfulagasha for an undisclosed amount. Brookstone will relinquish his position as managing director.