Why PSL clubs can't share Betway money yet
JOHANNESBURG, SOUTH AFRICA - JULY 24: Dr. Irvin Khoza and CEO of Betway, Laurence Michel during the Premier Soccer League chairman press conference at PSL Headquarters on July 24, 2024 in Johannesburg, South Africa.
Elite division clubs are receiving approximately R2,5 million per month, while National First Division outfits get around R500, 000 each month.In spite of the lucrative deal, PSL Chairman Dr. Irvin Khoza shot down suggestions that the grant money for clubs would automatically go up. "They've got a kick-start of the grants, of over R30 million a year. No is given of a return on investment. They are just coming in, you get a cheque of R30 million, because we want a quality PSL," he added.
Betway Premiership Irvin Khoza Soccer
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