Bloemfontein Celtic has issue a statement and denied that the club has been sold.
The club statement is as follows :-
There are currently rumours that the club has been sold and that has caused panic to our players, staff, supporters and sponsors. All the news and articles about the club being for sale are fake news. “There are no offers to sell the club and the club is not sold” said Max Tshabalala. We urge not to believe they see or hear from the media concerning the sale of the club.
The club is in a process of securing sponsorship deal and all that has been said, slows down our progress of securing the deal.
We accept that there had been enquiries concerning the sale of the club from different stakeholders but nothing concrete was achieved.
BLOEMFONTEIN CELTIC FOOTBALL CLUB
💚⚪🚨CLUB NOT SOLD🚨 pic.twitter.com/gnLd4llcwM
— Bloemfontein Celtic (@Bloem_Celtic) May 20, 2020