Register Login Scores

PSL

Chiefs Set To Bag R4.5 Million In CT Switch

Kaizer Chiefs are set to bag R4.5 million in payments from the City of Cape Town if plans to play three league games in the Mother City are approved.

Read: Chiefs' Cape Games Not Finalised

It was reported earlier today that Cape Town’s Mayoral Committee had recommended that Council ‘approve the hosting of three Kaizer Chiefs PSL matches at the Cape Town Stadium’, and that the three games could become an annual thing.

Furthermore, the press release from the city’s media office also spoke of the financial model that has been agreed upon should the trio of games go ahead.

Part of the statement read:

The financial model that has been agreed upon is as follows:

· SMSA will pay a negotiated rental of R5 000 per match.

· SMSA will carry the cost for the stadium direct services such as cleaning costs, specialised IT&S services, electrical and security services, among others, that will be required within the stadium.

· The City will carry the cost for all City-related services such as law enforcement, traffic services and cleansing that will be required outside of the stadium.

· The appearance fee of R1.5 million per match, will be split on a 50/50 basis between the City and SMSA. This will amount to R750 000 each, per match, to be paid by the City and SMSA.

· SMSA has guaranteed an amount of R300 000 from secondary income streams such as hospitality suites, beverage sales and concessions.

· After the stadium direct costs and the appearance fee paid by both parties has been recouped from the revenue, the balance of the revenue will be shared equally between the City and SMSA.

Read: Ajax Players Unhappy With Chiefs' CT Games

Chiefs are set to face Bidvest Wits, Platinum Stars and SuperSport United in Cape Town between December and February, and the club will no doubt be hoping that the can be given confirmation in the near future.

Chiefs’ Cape Town Games Not Finalised

Parker Warns Chiefs Of ‘Dangerous’ Cosmos

Phala Praises SuperSport's Positive Mood

129 comments

Top 5

Agent Confirms Mokoena Deal!

222 Jan 25, 2022 02:49 PM in Mamelodi Sundowns

Managers Who’ve Already Been Sacked This Season

1 Nov 08, 2021 12:26 PM in English Premier League

Pitso’s Al Ahly Future Uncertain As Club Breaks Silence

14 Jan 25, 2022 10:55 AM in Players Abroad

7 Players Xavi Could Get Rid Of At Barca

5 Nov 09, 2021 01:26 PM in LaLiga

SSU & Mbule Set For Crucial Talks? Downs, Chiefs Watch...

22 Jan 25, 2022 10:00 AM in Mamelodi Sundowns

Agent Confirms Mokoena Deal!

222 Jan 25, 2022 02:49 PM in Mamelodi Sundowns

Gallery: Chiefs Get Busy With Camp In Cape Town

24 Jan 24, 2022 11:03 AM in Kaizer Chiefs

'Messi Called Me A Donkey!'

11 Jan 24, 2022 08:22 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Khanye On Sithebe To Chiefs: I’m Not Going To Be Excited

35 Jan 25, 2022 09:04 AM in Kaizer Chiefs

'World Richest Footballer' Finds New Club

9 Dec 27, 2021 02:35 PM in World News

Saavedra Speaks Ahead Of Sensational Sundowns Move

19 Jan 25, 2022 01:00 PM in Mamelodi Sundowns

All The Stadiums That Will Host Afcon Matches

2 Dec 10, 2021 07:29 PM in African Football

Confirmed: Nedbank Cup Dates, Times & Venues

9 Jan 25, 2022 03:12 PM in Nedbank Cup