Absa Premiership

Celtic waiting on TS Galaxy owner's 'proof of funds'

2020-05-19 16:02
Max Tshabalala
Max Tshabalala (Gallo Images)

Bloemfontein Celtic could be on the verge of finally selling its Absa Premiership status, with GladAfrica Championship outfit TS Galaxy said to be one of the interested clubs.

Celtic owner Max Tshabalala has been trying to find a buyer of the club's top-flight status for a number of years but despite negotiations with several interested parties, a deal has never materialised.

And, despite the Siwelele faithful being in opposition to TS Galaxy owner Tim Sukazi's purchase of Celtic's Premiership status, club officials are currently locked in talks with the man in question.

However, Sukazi is not the only one interested, with several other parties having lodged their interest in recent times.

The lawyer of Celtic's owner, Mandla Tshabalala, provided an update on the current situation, telling Soccer Laduma: "We are waiting for Mr Sukazi to give us proof of funds.

"The Premier Soccer League will be involved in this much later when the two parties have signed, and payments are made - PSL is the last step.

"We are going to need to see proof of funds, either a bank guarantee or money in his trust account then we can begin the process, such as due diligence and whether it is feasible for him to take the team.

"But until we can reach that stage because everyone wants to buy a PSL team and might not have the money, we can't take this any further. Mr Sukazi has made an offer and it's not the first time."

Tshabalala, who is also the cousin of the Celtic owner, added: "It's not just him. I can't mention others, but there are several, who are still very quiet about it because of confidentiality.

"As you know, whoever brings funds first, you consider them."

- TEAMtalk media

 

Read News24’s Comments Policy

Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Assuming the 2019/20 Absa Premiership season can't be concluded prior to the 31 July deadline decreed by FIFA, what would be the fairest way to settle matters - all bias aside?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2019/20 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.