Saturday, May 8, 2010

Slam-dunk: Mystery man 'owns' Bafana Bafana

JOHANNESBURG - A mystery Johannesburg businessman, Wayne Smidt, has emerged as proprietor of half of the caller that controls the brand of South Africa`s national soccer team, Bafana Bafana.

And no one - not yet the South African Football Association (Safa) - can fully explain how this happened.

Ownership of Bafana rights is concealed behind opaque shareholding structures comprising shelf companies, complicated indirect stakes and confidential licensing agreements.