Bloemfontein Celtic CEO Khumbulani Konco has addressed reports doing the rounds on social media that the club has been sold to Ajax Cape Town.
Celtic has been on sale since last year but so far the club remains under the ownership of Max Tshabalala.
According to the reports, Siwelele will play in the National First Division next season after their top-flight status was sold to the Urban Warriors. However, Konco says this is untrue.
"This is not the first time we hear this. At some stage one journalist said the club has been sold to Kimberley and the next thing the club was sold to Port Elizabeth," Konco tells KickOff.com.
"It's not true that the club has been sold to Ajax Cape Town."
Meanwhile, this website understands that Ajax Cape Town had a deal with Free State Stars in principle but the deal fell through after Ea Lla Koto were relegated.