PSL chairman Irvin Khoza last week announced a record R1-billion revenue from the 2018/19 season and also revealed big plans to boost the country’s two professional leagues.
The Premier Soccer League last week held their Annual General Meeting in Johannesburg, where all member clubs gathered to review the previous’ years financials and discuss the way forward.
Amongst the discussions were the possible introduction of Video Assistant Referees, which have been rolled out in most of the major leagues across Europe, due to the poor officiating that has dominated the headlines in recent weeks.
But the massive income recorded by the League will also benefit each of the 32 clubs, with Khoza confirming that monthly grants stand to increase as of next season from the current figure of R2-million and R500 000 for the Premiership and the Championship respectively.
“The important thing now, after reaching a record R1-billion in our income, it augurs well for our clubs in the new season,” said the ‘Iron Duke’.
“It means it will bring about a new increase on the grants, apart from what has been given to them this season, which was also remarkable.
“So, we’re on a sound footing in terms of the governance of the league, and also the issues around the Multichoice Diski Challenge – there’s a good story developing for the future of this league.”
This season the Absa Premiership prize money has already increased by a massive 50 percent, with the winners set to pocked R15-million rather that the R10-million of the past 12 seasons.