Bloemfontein Celtic reportedly sold to Kimberley-based businessman for R60 million

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The team will reportedly use Griqua Park in Kimberley as their alternative venue next season

Troubled Premier Soccer League (PSL) club Bloemfontein Celtic has reportedly been sold to to an unknown businessman from the Northern Cape Province. 

Phunya Sele Sele, who are one of the most supported clubs in the country, were in dire financial straits and club owner Max Tshabalala has decided sell it.

Daily Sun has revealed that R60 million has been exchanged between Tshabalala and an unknown businessman from Kimberley.

The new boss reportedly plans on relocating the club to the Kimberly in 2020, as part of the agreement with Tshabalala, who bought Celtic from Jimmy Augousti in 2014.

“The club will continue playing their home games at the Dr. Petrus Molemela Stadium next season, but they will also use the Griqua Park in Kimberley as their alternative venue,” a source told the publication.

“The new boss wants to assess first how the team will be supported in his home town before relocating permanently,” the source added. 

Tshabalala has already stated that he could not dictate that buyers keep operating the club from the Free State Province where Celtic have been based the establishment of the team in 1969.

It is said that a disgruntled source in high ranking position disclosed that Augousti was ready to buy the club for R70 Million and keep it in the Free State.

However, Tshabalala had already sealed the deal with the unknown buyer. Furthermore, Tshabalala has been blamed for the 2012 Telkom Knockout Cup champions’ failure to bring in new sponsors.

 “MTN and B3 are gone because whenever they invest money, Max buys expensive cars. That’s why they pulled out their investment,” another source told the publication.

“He doesn’t run the affairs of the club well and that’s why the first team coaches and those is development structures haven’t been paid their salaries for the past three month,” the source concluded.

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When asked to comment on the reported sale of the club, Celtic chief executive officer Khumbulani Konco, said: “Until further notice anything you will hear is a rumour, and I won’t comment on rumours.”

 

 

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