SA Premier League Smashes Billion-Rand Revenue Mark
November 17, 2019
1:32 pm
The South African Premier Soccer League (PSL), boosted by a lucrative TV deal, posted record revenue of more than one billion rand last season.
A statement said TV rights and sponsorships from banks, telecommunication and engineering companies were responsible for the 1,005 billion ($68 million/62 mn euros) bonanza.
“The results are due to the renewal of our broadcast deals because they contribute a high percentage of income,” PSL chairman Irvin Khoza confirmed Sunday.
“We have reached the one billion rand mark and that augurs well for the clubs as the monthly grants to them will increase next season.”
The PSL …
