Cash-strapped SABC to pay R72m per year for PSL broadcasting rights

Cash-strapped SABC to pay R72m per year for PSL broadcasting rights

- The SABC has bought the broadcasting rights for the ABSA premiership

- The deal will cost the broadcaster R72 million a season

- However, this has raised concerns as the SABC remains in dire financial straits

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The SABC has purchased the rights to broadcast ABSA Premiership games for the next five years at a cost of R72 million a season.

The broadcaster made the deal with SuperSport.

However, this comes as the SABC faces major financial issues.

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The news of the ABSA Premiership deal will be welcome by many South African soccer fans who do not have pay TV. For the first few weeks of the season, fans without access to SuperSport channels were unable to watch the matches, The Sowetan has reported.

This R72 million comes after the SABC initially turned down a deal which would have cost the broadcaster R280 million a year. The SABC said this plan was not feasible.

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However, the broadcaster remains in dire financial straits. According to IOL, the SABC recorded a loss of R483 million in the last year. The broadcaster also has mounting debts, which have forced it approach the National Treasury for a R3.2 billion bailout, has gathered. 

SABC CEO, Madoda Mxakwe, said that these problems were partly the result of rising operating costs. As a result of these issues, the SABC has reportedly not paid several suppliers.

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Source: Briefly News

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