Staff Reporter
Unconfirmed reports say the financially troubled Bloemfontein Celtic have sold their Premier Soccer League (PSL) status to Durban businesswoman and socialite Shawn Mkhize for R50 million.
The PSL executive committee is said to have okayed the deal when it met on Friday.
Not much detail is known about the sale of the only DSTV Premiership side in the Free State as all parties involved in the deal have not divulged any information.
Celtic have been dogged by financial troubles over the past few seasons amid rumours that club owner Max Tshabalala was ready to let go of the team.
All that’s left, according to media reports, is for Mkhize – who owns National First Division outfit Royal AM – to pay the R50 million in order to finalise the deal.
It’s believed the move would see Bloemfontein Celtic relocating to KwaZulu-Natal Province and assume a new name.
The team was founded by Norman Mathobisa and Victor Mahatane in 1969.
 status to Durban businesswoman and socialite Shawn Mkhize for R50 million.){kind=link}