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PSL Clubs’ R2 million Grant Safe For Now, But…

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.

Read: Attention! No SL Print Edition In Shops This Week

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.”

Read: Komphela Comments On Crowning Chiefs Champions  

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!

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