Kick Off

Financial planning


I would like to urge Mamelodi Sundowns to help their players with constant financial planning. Sundowns are a multiple trophywinn­ing club and they’re highly resourced. Due to their owners’ billions of wealth, it’s their tradition that all the proceeds from the trophy winnings are being shared by the players and technical staff.

The club owners are having many other businesses and football to them is to give back to the community in terms of creating employment opportunit­ies.

This season, the club that’s popularly known as The Brazilians, are aiming for a ‘Quadruple’ of trophies.

In all their winnings, the club are only expected to take the coveted trophies and not the subsequent financial rewards. Football players are notoriousl­y known for being buried as paupers.

They earn a lot of money while still at their prime, but they mostly mismanage their wealth. With the Pretoria giants rewarding their employers well with millions of Rands in signing on fees, monthly salaries and win bonusses, these youngsters need constant support from financial advisers.

Most of these guys are from disadvanta­ged families and becoming instant millionair­es is a great new adventure for them. They’re inclined to spend money on expensive luxury vehicles instead of investing in properties and farms.

All other PSL clubs can also take this opportunit­y of financial planning causes for their employees.

It doesn’t necessaril­y need a player to ply their trade abroad for them to have bright futures, but financial planning causes while playing at the comfort of home soil is an advantage.

By Moeti Molelekoa, Welkom

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