“Yes,” Prins said. “Everything is fine at the club.”
Weekend reports suggested the Soweto club was in financial troubles and that they had a R30 million Sars debt.
This was said to have angered the minority shareholders who had wanted an urgent meeting to iron out these revelations.
But Prins said this was nothing more than a plan to unsettle the team.
Prins said such allegations arose from the fact that many wanted him out.
Swallows are to start the upcoming season without a sponsor after vehicle giants, Volkswagen, did not renew their sponsorship upon expiry seven months ago.
Prins has been vocal in various mediums that potential sponsors are looking at becoming the financial backers of the team, but nothing has yet happened.
In terms of player movements, the club invited former Orlando Pirates midfielder Rudolph Bester for trials and have signed Kenyan midfielder Kevin Omondi on a two-year deal.
Lucky Baloyi and Philani Cele arrived from Kaizer Chiefs on loan and veteran left-back Tsietsi Mahoa has also been signed by the Dube Birds.