PSL chairman Irvin Khoza has called for a seamless process in the transition of Bloemfontein Celtic to Royal AM.
Khoza confirmed Celtic will be renamed with Royal AM after the latter bought the status of Siwelele for a reported R50 million.
Celtic, a club steeped in rich history and tradition, will disappear from the professional ranks and will become a KwaZulu-Natal outfit.
“The most important thing is that the transition must be seamless because there are a lot of stakeholders affected by this transition,” said Khoza during a press briefing on Tuesday.
“There is a very important issue that we discussed, including the future financial stability of the clubs. This is a matter that faces us every day in football.
“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, the stakeholders. 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.”
Celtic players arrived in Pietermaritzburg on Tuesday and it is unclear how many will be retained by Royal.
Royal, owned by businesswomen Shawn Mkhize, have been mired in controversy in recent weeks as they locked horns with the League over promotion to the Premiership.
But they have since sold their status in the First National Division status to Tshakhuma Tsha Madzivhandila.Editor@tech-talk.co.za