TTM's status has been sold to Johannesburg-based businessman Simon Malatjie, who has promised to keep the club in Limpopo next season.
Malatjie is part of the ownership structure of ABC Motsepe League side African All Stars, who are also set to be under new management next season.
SAFPU deputy general secretary Calvin Motloung has confirmed that Malawi-born striker Atusaye Nyondo has received his settlement after taking the club to FIFA for unpaid salaries.
"The issue of Nyondo has been settled and we would like to thank TTM for keeping their commitment," Motloung tells snl24.com/kickoff.
"There are still outstanding issues with Mbongeni Mzimela, Ephraim Mofokeng, Motlomelo Mkhwanazi, Tshepo Ramaele and Masibusane Zongo.
"The club has promised to settle everything this week. Otherwise if it's not sorted out, the new owners have to settle the outstanding bill."