Premier Soccer League club owners are guarded about pressing the panic button just yet, but they are fearful of the aftermath of the Coronavirus on their bread and butter.
Experts say that the real effects of the pandemic on the Beautiful Game will be felt months down the line – if the domestic league does not resume by early June – but what can be said with certainty is that the economy will be fragile! In addition, Moody’s downgrade has added unnecessary pressure on Mzansi’s already vulnerable financial state. What does this mean for sponsorships in football? Will it cause clubs to go bust and cause a multi-million rand industry to collapse? In this week’s edition of Soccer Laduma the Siya crew asked some probing questions to PSL CEO Mata Madlala.
Madlala did not backtrack on the League’s promise to continue paying the R2 million monthly grants to all 16 teams, but admitted that the concern is not knowing for certain on when things will return to normality – that cuts into their revenue! “We said to the clubs ‘for now’ and that is our approach.” She added. “We cannot stand in front of them and say irrespective of when we finish the season their grants are safe because we don’t know how long this (COVID-19) is going to last. So, with everything we are saying or committing to at the moment, we say ‘for now’. We have delivered that same message to the PSL staff. It is like the UIF – we know that’s for six months and after that, things change.”
Note: Due to Coronavirus, Soccer Laduma newspaper will not be on the shelves this week. As a service to our readers the Soccer Laduma Radio team are reading a selection of features from this week’s newspaper. Click on the podcast below to listen to Soccer Laduma’s podcast team read the full Siya Special: COVID-19: PSL club bosses fear economic collapse!