- Bloemfontein Celtic chairman Max Tshabalala has reportedly asked the PSL for a loan to help the club meet its financial obligations to its players
- The club’s players were once again forced to forgo their salaries and refused to train last week
- Bloemfontein Celtic’s CEO Khumbulani Konco said everything at the club was currently up in the air after a proposed buyout fell through at the last minute
Bloemfontein Celtic chairman Max Tshabalala has reportedly been forced to ask the Premier Soccer League (PSL) for a substantial loan to allow the club to meet its financial obligations and critically to make salary payments to its players.
The club is still in the midst of a financial crisis which has once again seen players not being paid their salaries. This led to the players refusing to take part in training last week although they agreed to play in the weekend’s league fixture against Maritzburg United.
Bloemfontein Celtic’s CEO Khumbulani Konco confirmed that players had refused to attend training but after lengthy discussions had agreed to return to the training centre. Konco conceded that everything at the club was currently up in the air.
Briefly.co.za gathered that Konco made the remark in reference to a proposed buyout by Sinki Leshababane and Moeketsi Mosola which would have stabilised the club’s finances crumbled at the last minute.
TimesLive.co.za reported that the buyers pulled the plug on the deal after it emerged that Tshabalala owes SARS around R43 million and that the club was registered to two separate companies in a complex business arrangement.
Tshabalala dismissed these concerns and said they were nothing which the new owners could not have dealt with if they possessed the will to do so.
Citizen.co.za reported that Bloemfontein Celtic suffered their first loss this season when Steve Komphela’s new side went down 1-0 to Maritzburg United. The side has had a dream start to the 2018/19 season despite facing financial issues since the start of the season.
Komphela has managed to galvanise his players despite ongoing concerns about the future ownership and liquidity of the club.
The future of the club remains uncertain as no new buyers have yet emerged.
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