PSL chairman Dr. Irvin Khoza confirms R20-million prize for PSL winners and confirms new betting rules for players

Premier Soccer League chairman Dr Irvin Khoza has finally confirmed the prize money for the ongoing 2024-25 campaign. 

A few months ago, Khoza had announced betting company Betway as the league's new sponsor but he couldn't reveal the prize money for the winners. 

On Wednesday morning, 'Iron Duke', as the chairman is affectionately known, confirmed that PSL champions will walk away with a hefty R20 million cheque this season. 

"The prize money for the 2024/25 Betway Premiership winner will be R20 million," Khoza briefly stated.

The PSL signed a three-year deal with betting company Betway in July this year as the top-flight's new sponsor. Last season, the title winner received R15 million under the DStv sponsorship.

During the announcement of the partnership early this year, Khoza disclosed that the agreement is worth about R900 million. 

Moreover, the chairman also revealed that the league has set new betting rules for players as they are not allowed to place bets.

Khoza will further break down the prize money for the rest of the teams as the season goes by.

Orlando Pirates are currently favourites for winning the league as they are at the summit of the PSL standings having won seven consecutive games this season.