Haibo: MaMkhize sells Royal AM’s, buys Bloemfontein Celtic for R50 Million
In recent months MaMkhize has seen herself trending from nasty court cases to PSL snubs. In the wake of Royal AM’s failure to secure Premier League status the multi-millionaire has opted for a plan B. We can all agree that we didn’t see this coming honestly.
Bloemfontein Celtic have reportedly sold their PSL status to Shauwn Mkhize for a fee believed to be in the region of R50 million. It now appears as though she has opted for another route to get into the Premiership – buying the status of another club that needs serious financial rescuing in Celtic.
According to FarPost, the deal for MaMkhize to own Celtic is as good as done following the approval by the PSL executive committee. The news of MamKhize successfully purchasing Bloem Celtic doesn’t come as a shock at all after reports of her intentions to do so emerged on Friday.
BREAKING NEWS#FARPost can confirm that the PSL Exco has approved Bloem Celtic’s sale.
Now the only outstanding matter is for the money to exchange hands between Celtic boss Max Tshabalala and the buyer, Shauwn Mkhize.
The deal is worth R50-million. pic.twitter.com/I8AbIQoZIH
— FARPost_ZA (@FARPostZA) August 14, 2021
Haibo: MaMkhize sells Royal AM’s, buys Bloemfontein Celtic for R50 Million
However, MaMkhize has already sold Royal AM’s GladAfrica Championship status to Tshakhuma Tsha Madzivhandila (TTM) with the club already relocating to Thohoyandou. Bloem Celtic will also relocate to KwaZulu-Natal ahead of the start of the new DStv Premiership season next week.
According to sources, the sale could be confirmed before the DStv Premiership season gets underway in a week’s time. Attempts to reach Celtic chairman Max Tshabalala since Friday proved futile as his phone rang unanswered.