- PSL chairman Irvin Khoza shared an open and honest assessment of the organisation's financial situation
- In a media conference on Monday, Khoza revealed that it is imperative that the league resumes to urgently start generating revenue
- Due to the situation with sponsors, Khoza fears the possibility of retrenchments, if things do not improve
PSL chairman Irvin Khoza shed light on the key reason why the league needs to resume sooner rather than later.
In a media conference on Monday, Khoza revealed that job losses may soon become a reality if the current break is extended indefinitely.
The PSL's financial woes stem from a combination of factors, most notably the lack of action ever since the lockdown was imposed.
SowetanLIVE reported that the PSL already found itself in a precarious situation after main sponsor, Absa, pulled the plug on their endorsement in June.
Briefly.co.za understands that some of the other sponsors, such as Telkom, MTN and Carling Black Label, may have ceased payments of their grants effective June, 30th.
Khoza explained, "From the 30th of June, that was the last time we got a grant. If nothing happens beyond this time, because we fund the new season going forward, the sponsors at this point have been generous, especially the broadcaster [MultiChoice]."
The Iron Duke then alluded to job losses due to the fact that clubs would no longer receive funding from the league.
Khoza added, "It's so urgent for us to start because beyond 30th of June, we won't be able to give clubs any grants. If that happens, it means we must now revert to section 39 of retrenchments."
Previously, Briefly.co.za reported that the South African Football Association (Safa) is setting the record straight and insisting that no football be played until August.
The PSL is intending on resuming shortly but insist that they will keep the players, staff and public safe.
This could result in a standoff as the PSL are dead set on restarting the season.
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