Bloemfontein Celtic owner Max Tshabalala says CEO Khumbulani Konco is one of the people in top management who have been retrenched by the club.
Konco, who was suspended before parting ways with Celtic, reportedly quit his job, but Tshabalala has since explained that it was a retrenchment.
"What I know is that Khumbulani is part of the top management that we have retrenched‚" Tshabalala told TimesLIVE.
"You know the team doesn't have a sponsor‚ and we have retrenched some of our top management.
"We started with our junior staff about a year ago. And now we are cutting the senior staff where we feel the team can do without.
"And it's not done because of malicious intention. It's just that the team doesn't have a sponsor - I'm running the team out of my pocket.
"So, I am trying to cut. And you can't cut players because you will get relegated."
Asked whether a replacement has been identified, Tshabalala added: "Not for now. We are not going to employ anybody. There is a duplication of positions internally - one coming to CEO‚ and general manager.
"So, people who have been doing the job‚ the very same people will be doing the job."