TS Galaxy owner Tim Sukazi has neither confirmed nor denied reports that he is planning to buy the Absa Premiership status of Bloemfontein Celtic.
Galaxy campaign in the national first division and are the defending champions of the Nedbank Cup having shocked Kaizer Chiefs in the final last season.
Reports suggest Sukazi is looking to acquire a PSL status, but the former player agent was keeping his cards close to his chest.
Sukazi said in quotes published on the IOL website: "It is still too early to speak about this matter if I may say the truth.
"I prefer to talk about things that have been done and concluded.
"I don't know who is spreading this rumour. At this stage, I prefer not to say anything."
Reports indicate that Bloemfontein Celtic are struggling financially, and the owners have been looking for a buyer since last season.
- TEAMtalk media