Having faced financial difficulties for the past few seasons, cash-strapped Bloemfontein Celtic are reportedly on the verge of being acquired by a new owner.
Phunya Sele Sele, under the ownership of Max Tshabalala, have been in the news for all the wrong reasons in the past few months – not paying players their full salaries as well as coaching personnel and staff members getting only a certain portion of their monthly salaries.
All this could now be a thing of the past with TS Galaxy chairman Tim Sukazi confirming that they are in the process of aqcuiring ownership of the club ahead of the 2020/21 Absa Premiership campaign.
“I have been speaking to Celtic for quite a while now. As a matter of fact, we spoke in January, but sadly we didn’t have time,” Sukazi told Ikwekwezi FM as quoted by the Daily Sun.
“But we have since moved further. At the end of this month, we’ll be dealing with the financial closure and by June, I’ll announce to the people of KwaNdebele that we’ll have a team in the PSL.
“But bear in mind, this is a process and there are terms of conditions and timeline,” Sukazi said.
The Rockets owner further clarified that they will not be relocating to the City of Roses but will instead remain in Mpumalanga.
“Firstly, I’m not willing to move to Bloemfontein. That will not happen, we’re remaining KwaNdebele because I cannot leave my TS Galaxy personality, that defies logic,” commented Sukazi.
“Maybe the option would be to swap franchises and I take Celtic’s status in the PSL and the people of Bloemfontein take Galaxy status in the first division, but the club names remain in the respective provinces. But are the people in Bloemfontein willing to do that? I’m not sure – as we know how much they love the club and that could spell trouble,” added Sukazi.
Siwelele’s PSL status is said to be worth around R60-65million.