This grant is made up in part from sponsorhip income received from Absa, the title sponsor that has just ended their 13-year financial backing of the League. Calling all artists! Highlights. Khoza said in the wake of this new financial mark the PSL will be increasing the clubs’ monthly grants from next season from the current R1.5-million‚ though could not … The Premier Soccer League were able to post a revenue of R1-billion for the first time at a Board of Governors meeting in Johannesburg‚ PSL chairman Irvin Khoza announced afterwards.Khoza said the record revenue value of the league for the 2018-19 financial year was R1.05-billion.This is an increase from the R938-million posted by the PSL in 2017-18 financial year‚ and R884-million in 2016-17.Khoza said in the wake of this new financial mark the PSL will be increasing the clubs’ monthly grants from next season from the current R1.5-million‚ though could not specify by how much.“We’ve now reached the R1-billion mark in our income‚ which is a record‚” Khoza said.“And that augurs well for the clubs in the new season‚ who are going to have an increase on the grants.”.Khoza said said the monthly grant increase will include PSL and GladAfrica Championship (First Division) clubs.He was asked how the PSL’s increase in revenue has arrived.“Mainly it was renewal of our broadcast income‚ because that makes a high percentage of our income stream‚” Khoza said.The PSL in the past year added the GladAfrica sponsorship‚ the first deal for financial coverage of the First Division in 12 years from 2007.The Multichoice Diski Challenge reserve league has also grown in stature.The PSL announces R1 billion in revenue for the first time in the history of the league.PSL Chairman Dr Irvin Khoza at a Board of Governors meeting in Johannesburg.© 2020 Arena Holdings (Pty) Ltd. All rights reserved.WATCH | Kaizer Chiefs coach Gavin Hunt given a tour of the village in Naturena,BARENG BATHO-KORTJAAS | Josef and the amazing Orlando Perpetual,Five things Gavin Hunt needs to fix urgently at Chiefs,Cricket SA acting president Beresford Williams digs in his heels,PODCAST | Kaizer Chiefs' head scout chats about player selection in SA.Zuma's doctor says he can't attend state capture inquiry; Zondo issues summons ...Renowned human rights advocate George Bizos laid to rest in Johannesburg,Chiefs boss Kaizer Motaung cautions against fans getting carried away.Khoza on why Madlala is still acting PSL CEO after four years: 'The clubs are ...PODCAST SPECIAL | 'Ndlozi is not a god of sport' - Holomisa,Telkom Knockout final to be held at Moses Mabhida Stadium in Durban,Leicester City outgun Arsenal to go second on the EPL log.Pep Guardiola on seismic clash with Liverpool: Losing won't be the end:Cape Town City cannot wait to tap into Olde Riekerink's brain,Notoane must utilise limited resources against Zambia on path to Olympics.
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As things stand, the 16 teams playing in the top flight are getting R2 million every month while the 16 National First Division (NFD) teams are getting a R500 000 monthly grant. The increase is set … Since last year Premiership clubs … Khoza says the clubs monthly grant for the PSL and First division which is at R2 million and R500 000 a month respectively will be increased from next season. All News. For all official information and updates regarding COVID-19, visit the South African Department of Health's website at,For the first time in the history of professional football in Sub-Saharan Africa, the.At a time when the country and the world at large is reeling from a financial recession, the PSL is emerging stronger during these financial times.Most of the league’s revenue is generated from their numerous lucrative sponsorship deals. The Mpumalanga-based side have been confirmed as the second ABC Motsepe League side to rise to the NFD next season after joining Maccabi FC in the play-offs … By Soccer Laduma The Premier Soccer League have increased the monthly grant of each of the 16 National First Division clubs. "Yes, apart from the monthly … Bi-Weekly Report: Vol 4 Issue 17, August 28. Finding Grant Programs If you are just entering the realm of grants and government funding, it can feel overwhelming trying to find the right program for you or your organization. When considering grants, these programs can be broadly categorized as those awarded by the federal government and those awarded by non-federal entities. While the PSL gets R4 million at the beginning of the season, the second tier, the NFD only gets about R1.3 million to prepare for the new season. Khoza says this is one of the highlights of the PSL since it was rebranded back in 1996.It had been 12 years since this division last had a sponsor and it’s also believed that their arrival helped to push the league over the billion rand benchmark.Khoza says the clubs monthly grant for the PSL and First division which is at R2 million and R500 000 a month respectively will be increased from next season.Coronavirus found on imported squid packaging in China,Patricia Kopane steps down as Free State DA leader,Gauteng, KZN transport departments in talks about ‘smart corridor’ creation between provinces,Grahamstown Magistrates’ Court to hear Andile Lungisa bail application on Monday,NGO offers R1 million for information on the murder of Charl Kinnear,City of Tshwane suspends senior manager over alleged irregularities,TERS to continue assisting unemployed people,SASSA beneficiaries given six days to change payment method for grants,City of Joburg demolishes extension to Soweto house,Capitec, Nedbank explain ‘technical error’ in debit transactions,‘I saw it in my dream’: Kupelo on post saying East London journalist will die,LIVE: World Leaders mark 75th anniversary of UNGA,Nehawu in talks with ANC Top Six on list of demands,Western Cape authorities, police to clamp down on extortion of businesses by criminals,Zuma expected to testify at State Capture Commission in October. Community Cat Program (TNVR) The City is committed to the humane treatment of animals through the TNVR program.
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