Bloem Celtic sold to local businessman
The Tshabalala family take over the Premier Soccer League club from Jimmy Augousti.
JOHANNESBURG - Free State-based Premier Soccer League (PSL) club Bloemfontein Celtic has now officially been sold to the Tshabalala family.
This was confirmed by Max Tshabalala on Monday.
The family takes over the club from Jimmy Augousti who bought it in 2001.
Tshabalala confirmed that Augousti will still have some involvement with the club.
"Today we signed a deal with Jimmy Augousti, we've formally taken over the team. From tomorrow onwards, we'll be working with the Augousti's during this transition until the end of this month so that we can get the contract and the books under control."
Tshabalala, who is also the owner of lower division side Roses United FC, says his family's purchase of Phunya Sele Sele will not affect his role with the club.
"The Tshabalala family has people that will run that team and everything, I was just representing them. We have professional people to take care of the club."
Celtic will open their 2014/15 PSL campaign against Mpumalanga Black Aces on 10 August.