PSL clubs set to share R80 million ahead of next season

All the 32 teams that fall under the PSL umbrella will reportedly receive a financial boost ahead of the upcoming campaign

Premier Soccer League (PSL) clubs are set to share an amount of money believed to be in the region of R80 million to prepare for the 2017/18 season. 

According to City Press, the decision was made at a special board of governers' meeting on Monday.

The publication reports that teams playing the PSL will each be given a once-off R4 million, while National First Division teams will each pocket R1 million. 

In additiion, each executive member of the league will reportedly receive R250 000 in bonuses. 

Furthermore, the PSL is expected to call for bids on broadcast rights when the five-year deal with SuperSport International comes to an end in June next year. 

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PSL’s acting chief executive Mato Madlala was cagey when asked about the once-off R4 million grant for Premiership teams.

“This was a special meeting for our members only, hence we didn’t invite the media,” said Madlala.

“I’m not familiar with the terms of the tender invitation. The chair will be in a better position to comment on that issue,” Madlala concluded.