OFFICIAL | PSL confirm Bloemfontein Celtic sale, club to be renamed Royal AM

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"The main point is that the transition must be seamless, because there are a lot of stakeholders affected by this transition," Khoza said during a press conference on Tuesday.

"There is a very important issue that we discussed, the future financial stability [of the club and of the league as a whole]. This is a matter that faces us every day in football.

"We want to protect the history of a club, but the issue of sustainability is a problem. Regardless of our discomfort when we deal with transitions sometimes, we must make sure we are doing the right thing.

"We must consider two things, the issue of the insolvency of the club, the risk of insolvency. If somebody says 'I cannot afford.' What do you do?

"As a league, we have an obligation that the league must start with 16 teams, we’ve got commitments with sponsors, tv, etc. We don’t have too many in our football with deep pockets. That’s why it almost took us three days to discuss this matter.

"It is very important that the players and other employees must be protected. In a case of insolvency, people lose jobs."

Jackson Mabokgwane (signed until 2025)
Jackson Mabokgwane (signed until 2025)
Tebogo Mosipe (signed until 2024)
Tebogo Mosipe (signed until 2024)
Menzi Masuku (signed until 2024)
Menzi Masuku (signed until 2024)
Ndumiso Mabena (signed until 2024)
Ndumiso Mabena (signed until 2024)
Thato Lingwati (signed until 2025)
Thato Lingwati (signed until 2025)
Shadrack Kobedi (signed until 2025)
Shadrack Kobedi (signed until 2025)
Scroll through the gallery to see which Bloemfonte
Scroll through the gallery to see which Bloemfontein Celtic players have recently signed new contracts amid the club's transfer ban