PSL clubs cash in big

Premier­ship clubs get R1 mil­lion each and the Iron Duke prom­ises R3 mil­lion more

CityPress - - Sport - TI­MOTHY MOLOBI ti­mothy@city­press.co.za

Christ­mas came early for PSL clubs and they will be smil­ing all the way to the bank. All the 16 Absa Premier­ship clubs are go­ing to get R1 mil­lion each, an ex gra­tia ser­vice fee.

At the end of this month, they will get a fur­ther R3 mil­lion. And, as if their cash in­jec­tion is in­suf­fi­cient, the par­tic­i­pat­ing sides will get an­other R4 mil­lion at the be­gin­ning of the new sea­son in Au­gust.

This good news was bro­ken at the league’s Board of Gover­nors meet­ing this week.

PSL chair­per­son Irvin Khoza con­firmed the wind­fall, say­ing it took the clubs by sur­prise.

“They didn’t see this com­ing and were all shocked,” said Khoza.

He said most of this money was com­ing from the sav­ings the league had made.

Khoza said the money would go to­wards help­ing the clubs to im­ple­ment the club li­cens­ing hand­book.

“There is an is­sue of the adopted new hand­book which was ap­proved by Safa with re­gards to club li­cens­ing and in­ter­me­di­aries’ re­quire­ments. There would be a lot of ex­penses needed to im­ple­ment th­ese re­quire­ments. This ex gra­tia ser­vice fee is a set-up cost to en­able clubs to im­ple­ment this hand­book.”

Khoza said some of the re­quire­ments in the hand­book were ad­min­is­tra­tive, fi­nan­cial, and for per­son­nel and tech­ni­cal com­pli­ances. “Soon we will be work­ing to­wards im­ple­ment­ing the fit-and-mean test, which will test clubs’ sus­tain­abil­ity. But I am happy that about 85% of the clubs are com­pli­ant, hence the league is so com­pet­i­tive be­cause peo­ple are us­ing this money wisely. For us to grow this league, we need to in­vest the money back in the clubs so as to im­prove the stan­dard.” Khoza said clubs were get­ting in the re­gion of R30 mil­lion each year, which in­cluded the R1.5 mil­lion monthly grants. He dis­closed that Na­tional First Di­vi­sion (NFD) clubs would get a R175 000 ex gra­tia ser­vice fee. They would also get R500 000 at the end of the month and R1.5 mil­lion at the be­gin­ning of the sea­son. He said the money clubs would get at the end of May was to help pre­pare for the pre­sea­son, buy play­ers or even take tours if they so wished. Clubs, added Khoza, should use the other money in Au­gust as start-up cap­i­tal for the new sea­son. “This money goes a long way, es­pe­cially in help­ing the newly pro­moted teams from the NFD as start-up cap­i­tal. It goes a long way in help­ing them to get their foot­ing.” He said the meet­ing also took a ma­jor de­ci­sion af­ter the NFD clubs de­cided not to pur­sue their pro­posal to be a stand-alone en­tity. He said this meant the sta­tus quo re­mained with re­gards to the NFD. “We will be work­ing to­wards cor­po­rati­sa­tion of the league as we move to­wards a Pty. We should an­nounce the new struc­ture some­time in Au­gust.” Chippa United 0 0 Golden Ar­rows Free State Stars 1 1 Plat­inum Stars

PHOTO: LEFTY SHIVAMBU / GALLO IM­AGES

WIN­NING FEEL­ING Pitso Mosi­mane is hun­gry for more suc­cess

PHOTO: SYD­NEY SESHIBEDI / GALLO IM­AGES

CHAIR­PER­SON Irvin Khoza an­nounced a whop­ping cash wind­fall for PSL clubs

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