The deadline to submit proposals was on Friday, while the winning bid was supposed to be announced this past Monday.
No outcome has yet been revealed but a reported bid of R25m was said to have beaten Skosana's R15 million offer.
Skosana told the Sowetan: "We were told we would know by 4pm (on Monday), but thus far we didn't get any correspondence from the curator, so it means we didn't make it and we accept that.
"This was about the highest bidder and it is clear that ours was not the highest.
"We were planning to relocate the club to KwaNdebele, but hopefully there will be another opportunity."
Royal AM have not played any football since December and are bottom of the South African top-flight.
Mamelodi Sundowns are set to lock horns with Al Ahly in the first leg of the CAF Champions League semi-final at Loftus Versfeld Stadium on Saturday, with kick-off at 15H00.
Richards Bay FC host Cape Town City FC at the King Goodwill Zwelithini Stadium on Friday in a critical Betway Premiership showdown.
Stellenbosch FC moved up to third in the Betway Premiership standings after Sanele Barns scored the only goal in a 1-0 victory against Amazulu at the Danie Craven Stadium on Tuesday.
Marumo Gallants coach Abdeslam Ouaddou admits his side are gutted by their narrow 1–0 defeat to Orlando Pirates, but can now focus solely on their battle to avoid relegation.
