- The PSL is set to announce that they have made over R1 billion in revenue
- This is the first time they have reached these incredible figures
- The revenue is mostly due to sponsorship and partnerships
The Premier Soccer League is set to announce that their revenue has surpassed the R1 billion. This is the first time the football body has reached this mark.
According to Sowetan LIVE, chairman of the PSL, Irvin Khoza will confirm the figures
Most of the profit is generated from sponsorship. The league has seven official sponsors: SuperSport, Absa, Nedbank, Telkom, MTN, MultiChoice and GladAfrica.
Last year, the PSL recorded a revenue of R938m and the year before that they made R884m. Their latest sponsorhip with GladAfrica is what eventually propelled them to the big billion mark.
Briefly.co.za previously reported that the South African Football Association (SAFA) came under increased pressure following the poor standard of refereeing this season. PSL CEO Mato Madlala touched on some of the challenges they face after a meeting with the SAFA technical committee. Numerous prominent PSL coaches have landed themselves in hot water over their criticism of match officials.
The criticism levelled at referees from the likes of Benni McCarthy, Owen Da Gama and Steve Komphela has been previously reported.
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