Cape Town - Moroka Swallows director Sipho Xulu has revealed that the club will remain in existence despite being relegated to the SAB League over the weekend.
According to KickOff, Xulu has assured concerning fans that the club will continue with operating as usual.
Swallows will be turning 71 years-old next year and Xulu added that everyone at the club are looking forward to celebrating the upcoming milestone.
"What Panyaza (Lesufi) was saying at the media briefing on Monday is that the club's value is now at R250 000," Xulu said.
"I can assure everyone that the club will continue to be in existence as we are looking forward to celebrating its 71 years next year. This club will be turning 71 years old next year."
"I'd be very careless if I can go all out and say the club is planning this and that at this stage. The only thing I can confirm is the club's existence going forward. But when it comes to under who's guidance and under which league, that's a discussion for another day."
Meanwhile, former club captain Lefa Tsutsulupa believes that there are certain people that should take full responsibility for club's demise.