Bloemfontein Celtic to apply for provisional liquidation

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The financial crisis at Premier Soccer League (PSL) club Bloemfontein Celtic is deepening. In the latest development, Standard Bank South Africa filed a notice of motion to provisionally liquidate the club.

Celtic has until the 4th of October to state why the final liquidation order should not be granted by the Bloemfontein High Court.

The situation is so bad that players have refused to honour their training sessions this week due the club’s failure to pay their July salaries.

South African Football Players Union (SAFPU) President Thulaganyo Gaoshubelwe says they will do their utmost to ensure that the interests of the affected 30 players are not compromised.

“It is to ensure that whatever happens the contracts of the players are well taken care of. And whoever buys the team, whether it’s liquidated, their interests are protected. And that end we will then have to make sure that we are going to participate as part and parcel of all those liquidators that have been appointed. We are aware that the bank has already appointed the liquidators and so forth.”

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