The Premier Soccer League (PSL) has confirmed the sale of Bloemfontein Celtic to Royal AM owner Shauwn Mkhize just before the 2021-22 DStv Premiership season kicks off.
PSL chairman Dr Irvin Khoza confirmed on Tuesday that Phunya Sele Sel has been sold to Royal AM in accordance with article 14 of the National Soccer League handbook.
The announcement will see Royal AM take over Celtic’s PSL status, which will in turn see the club relocate to Kwa-Zulu Natal from the Free State after Royal AM sold their GladAfrica Championship status to Tshakhuma Tsha Madzivhandila (TTM).
Khoza said the Celtic sale was discussed over three days, but decisions by the PSL over the last few days resulted in outcomes that moved at breakneck speed, given the snail’s pace at which the PSL usually function.
In respect of selling Celtic’s franchise, Khoza said sentiment was a major factor because of the club’s heritage, culture and history. At any given time, Celtic could command at much support as Chiefs at a match venue.
“The issue of sustainability is a problem. It happens even when we are dealing with discomfort in our decisions. There are two things. We look at the risk of insolvency of the club. If someone says I cannot afford it, what do you do?”
The result of the two transactions is that Celtic’s PSL status has transferred to Royal AM and will relocate from Bloemfontein to Durban.
Royal AM’s First Division status goes to TTM and will move from Durban to Thohoyandou.
Khoza also justified the rate at which these moves were made because the PSL had an obligation to start the domestic league with 16 teams this weekend.