Johannesburg -Bloemfontein Celtic say they are still in search of a sponsor and have moved to deny media reports that they have already signed a deal.
The Premier Soccer League club is reportedly in need of a financial injection to stave off potential buyers and prepare for the upcoming campaign.
The club put out a statement in May, denying the club had been sold, but have now been forced to clarify their status regarding a club sponsor.
A statement on their social media page read: “Based on what has been reported on the media regarding the club obtaining a sponsorship deal is incorrectly reported”.
“The club has not signed any sponsorship deal yet, as we are still in negotiations with potential companies. The club will make an official announcement once any sponsorship deal had been sealed,” the statement continued.
Earlier reports suggested that TS Galaxy boss Tim Sukazi had hopes of buying the club while Free State-born businessman Lebo Mokoena was said to have come in with a sponsorship deal.
