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Royal AM To Buy Celtic?

The Premier Soccer League’s executive committee is understood to have met late on Friday night to discuss the possible sale of Bloemfontein Celtic, with Royal AM emerging as possible buyers.

Indications are that Celtic, one of Mzansi’s most loved and supported clubs, has become insolvent and if nothing is done about their dire situation then Phunya Sele Sele is unlikely to honour all of their DStv Premiership fixtures!

According to insiders privy to the club’s financial troubles, a large chunk of their debts has already been attached to their monthly grants from the league, which is a little over R2-million.

Royal AM have now come to their rescue, although the deal is complicated by the fact that the KwaZulu-Natal club owned by businesswoman and reality TV star Shauwn Mkhize have an outstanding disciplinary case with the league.

Following the end of the GladAfrica Championship season in May, the club felt they had been denied an opportunity to play in the topflight after Sekhukhune were the ones promoted via a court order.

Mkhize’s side were then expected to try fight for promotion through the play-offs, but she instructed her team to abscond all fixtures, essentially bringing the PSL into disrepute and embarrassing the TV rights holders.

It now appears as though she has opted for another route to get into the Premiership – buying the status of another club that needs serious financial rescuing in Celtic.

The Siya crew is in possession of a document that is also being passed around on social media that the league’s executive committee has indeed approved the sale, but with Royal AM requesting their name be changed to Tshakhuma Tsha Madzivhandila FC, another club that on Saturday morning confirmed sellling this franchise change to Royal AM. 
Further details remain sketchy, but the document has named Dr Nozipho Ngubo as the one buying Celtic. 

TTM bought the status of Bidvest Wits last year, but barely six months later also had new owners, who also changed the name and are now known as Marumo Gallants – such is the nature of SA football!

According to sources, the sale could be confirmed before the DStv Premiership season gets underway in a week’s time.

Attempts to reach Celtic chairman Max Tshabalala since Friday proved futile as his phone rang unanswered. 

Story by @superjourno

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