Patrice Motsepe speaks frankly on soccer players and saving money

Patrice Motsepe speaks frankly on soccer players and saving money

- Patrice Motsepe has urged professional footballers to save and invest money for retirement

- He said that ensuring the financial future of his players was a priority

- He stressed that many footballers only had short, high-earning careers and that they should sue their money wisely

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Mamelodi Sundowns president Patrice Motsepe says that South African soccer players should invest wisely while at the height of their careers so that they can have a comfortable retirement.

He said that clubs must do more to help their players manage their finances well.

Motsepe cited numerous examples of successful footballers who had fallen on hard times after they retired and ended up penniless.

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Motsepe said it "saddens" him to hear of Sundowns players who end up in financial ruin despite having had impressive careers. 

He pointed out that many players only have a short career and that it is important that they make the most out of the money they earn during their few lucrative professional years.

The salaries received by Sundowns players are among the highest in the PSL, according to Sowetan Live. Motsepe says this is partly because he set a goal of improving the financial situation of his club's players.

"When I got into football‚ one of the main objectives was to try and make sure the salaries‚ living conditions and the pay of the players was good‚" he said.

He added that he believed that if Sundowns paid their players better, other clubs would be forced to up their salaries as well, has gathered

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Similar sentiments were expressed by Sundowns coach Pitso Mosimane, who said that the team would share the R10 million prize money from the Absa Premiership.

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