A behind-closed-doors meeting that took place recently revealed that almost half of the clubs in the PSL, and most NFD outfits, are in ‘dire financial straits’.
As reported in this week’s issue of Soccer Laduma, a number of South African football teams currently find themselves in tough situations financially, despite the huge TV rights deal that is brought in by the league.
One club director told the Siya crew, “From what I can gather, there are a lot of people with big problems, It’s very important that teams are financially viable. The bottom line issue is that the PSL has got to make sure that clubs are in a position to meet what they’re required to meet.”
There is now talk of clubs increasing sponsor slots on their matchday kits in order to open up space for more funding, with many chairmen having to dig into their own pockets at present to pay their players’ salaries etc.
See this week's issue of Soccer Laduma for the full story.