Celtic has a new owner

Cape Town - Max Tsabalala has reportedly bought Bloemfontein Celtic for a fee in the region of R45 million.

“It’s official,” Max Tsabalala said to Soccer Laduma.

He continued by saying, “I’m excited about being with the big boys in the PSL.”

Last week the Sowetan reported that Tshabalala is waiting for current CEO, Jimmy Augousti, to return from Brazil so the deal can be completed.

The businessman has vowed to respect the process and confirmed that it has been going smoothly so far.

“The agreement we signed with Celtic has a confidentiality clause, therefore it will be difficult for me to go deeper into the details until all the paperwork has been completed.”

“All that I can say at the moment is that there are some documents we are waiting for from Celtic. We have to respect the process.”

Tsabalala has confirmed that the Augousti’s (Demetri 'Jimmy' and Ikie) will be with the club until the end of the month to sort out contracts of players and staff alike. The technical team will remain as is he said as well.

Tsabalala also owns National First Division League outfit, Roses United, and they confirmed via their Twitter handle that the Tsabalala family are the Celtic owners.

Bloemfontein Celtic is officially owned by Max Tshabalala and family Roses United fc Chair person of @RosesUnitedfc as affect from today.

— Roses United fc (@RosesUnitedfc) July 21, 2014