Royal AM Buy Bloem Celtic Status, TTM Returns
After months of court battles with the PSL, Royal AM have have bought Bloemfontein Celtics’ PSL status and will play in the DStv Premiership this season, while TTM also return to the PSL.
In stunning news confirmed on Saturday morning, the PSL Executive have approved the sale of Bloem Celtic to Royal AM.
In a letter seen by this publication, the PSL confirmed that the purchase has been approved and Royal AM will now feature in the 2021/22 DStv Premiership campaign.
The letter reads:
“Re: Transfer of football club as a going concern
- The application to approve the transfer of the football club known until now as Bloemfontein Celtic Football Club from the Seller to the Acquirer, [and the related approvals in respect of a name change (to Royal AM FC) and relocation (to Chatsworth Stadium)] served before the Executive Committee today.
- The Executive Committee considered the application and supporting documentation against the requirements of Article 14 of the NSL Handbook.
- The transfer has been approved on the basis sought and on the express undertaking and agreement on the part of both parties that:–
3.1. the club has been transferred from the Seller to the Acquirer as a going concern;
3.2 all contracts of employment of all players of the Seller have been transferred to the Acquirer;
3.3. the Acquirer will be responsible for, and will deal with (and where necessary, satisfy) all and any claims that may exist, or which have been, or which are brought by or against the club (whether by or in respect of the League, players, or other participants in professional football), and whether before the Disciplinary Committee, the Dispute Resolution Chamber, or any other tribunal or Court.“
Meanwhile, Tshakhuma Tsha Madzivhandila will also return to the PSL after buying the GladAfrica Championship status of Royal AM, TTM confirmed on Saturday.
The PSL will hold a press conference on Tuesday to inform public and media about “legal matters, club sales and the 2021/22 campaign”.