PSL official Ronnie Schloss admits the dilapidated Cape Town-based Newlands Stadium is no longer fit to host football matches.
According to reports, the historic 51 900-seater venue will be demolished and could be replaced by retail and residential properties.
Schloss says renovating the old ground, which was traditionally used for rugby by Western Province and Stormers but also hosted occasional PSL matches, would cost more than building a new one.
View some PSL memories of Newlands Stadium in the gallery above
Reports emerged last year that the Western Province Rugby Football Union has accepted R110-million from Investec for the property.
Schloss is not surprised to see the end of the venue that used to host the likes of Cape Town Spurs, Santos and Cape Town City as it has fallen behind by modern standards.
"I think it's a venue that doesn't meet our requirements of today," Schloss tells KickOff.com.
"It doesn't makes sense to go and repair it, it's going to cost as much as building a new stadium. And in Cape Town they have two big stadiums right there.
"In the early days ja, they weren't mad about football in the early days. Cape Town City played there a few times, when Ajax were around they played there a few times.
"But now it's getting old, if I can put it like that. They will need a lot of money to spend to bring it in line with the other stadiums, from a safety point of view."