Cape Town - Bloemfontein Celtic Chief Executive Officer (CEO) Khumbulani Konco has denied the club has been sold despite reports suggesting the completion of a R60 million sale.
According to those reports, an unnamed businessman from Kimberley in the Northern Cape has purchased the team for that price and a relocation to the area was reportedly on the cards.
Siwelele supporters are said to have acted angrily to the news, with protesters allegedly taking to the streets of Bloemfontein to express their displeasure.
Nonetheless, Konco has poured water on the flames and said that no transaction had in fact taken place. He told the Sowetan: "Celtic have not been sold. We are trying to defuse the situation that has been caused by the reports that the club has been sold.
"There is no such, otherwise we would have communicated the development to our fans. Our real supporters know we have the structures in place where we communicate with them."
Meanwhile, the side's 'super fan' Botha Msila expressed concern about the possible selling of the outfit from the Free State.
He said: "People have taken to the streets because we do not know how else to vent out our frustrations. The management has assured us that it was not sold yet.
"That club is the only thing we have here in Bloemfontein. It does a lot for our community like keeping children off the streets and away from drugs.
"I am pleading with whoever ends up buying the club not take it away from us."