Bloemfontein Celtic have been sold in principle for R40m to businesswoman Sinki Leshabane‚ who now has 30 days to come up with the funds to complete the transaction. Leshabane is linked to Free State ABC Motsepe League side Mangaung United‚ while reports indicate local businessman Moeketsi Mosola will be part of the new management team. Owner Max Tshabalala has applied for provisional liquidation having been unable to pay players and backroom staff on time over the past few months. It is understood some staff were paid their outstanding salaries at the weekend. Tshabalala applied for sequestration last week‚ an admission that he was no longer able to fund the day-to-day running of the club. It placed the team in a perilous position with the Premier Soccer League‚ as one of the conditions of receiving a club licence is that the business is financially solvent and able to service debts. But insiders have told Business Day that the team will only be considered in breach of their club l...
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