Bloemfontein Celtic have vehemently denied reports that the club will be sold ahead of next season.
TS Galaxy boss Tim Sukazi revealed in one of his recent interviews that he held talks with Celtic and he was confident of completing the deal in the next few months.
In a statement released by the club on Wednesday, Phunya Sele Sele dismissed the reports as "fake news".
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"There are rumours that the club has been sold and that has caused panic to our players, staff, supporters and sponsors," read the statement.
"All the articles about the club being for sale are fake news.