PSL execs to share R200m

2011-09-10 17:47

Seven Premier Soccer League (PSL) executive members will share about R200 million of the “more than” R2-billion broadcast rights with SuperSport International.

This was revealed by PSL chairperson Irvin Khoza following a special board of governors meeting yesterday. He said the PSL had appointed an independent remunerations committee who recommended that the executive should share 10% of R2 billion.

The committee was made up of Professor Lesole Gadinabokao, Lot Ndlovu and Teboho Seleke.
It has not been determined how they will share the 10%.

“An ex-gratia of R1.5 million and R300 000 has been paid to Absa Premiership and National First Division clubs respectively. Our budget of about R600m for the year was also approved at the meeting,” said Khoza.

He added that the anticipated increase in monthly grants was still a work in progress.

The meeting also amended the under-23 rule in the first division where it now says there must be five under-23 players in the starting line-up only and not at any given time.

Khoza said first division clubs will also have the right to be at full strength during the play-offs or the Nedbank Cup as this means playing against PSL teams.

The PSL has decided to donate R500 000 towards the Somali Relief Fund.

Khoza said the league has welcomed the amended Safa constitution as it took into account some of their submission.

He said this included allowing the league to continue with club licensing and its judiciary processes.
»FC AK has been given 14 days to resolve its ownership dispute.

» The South African Football Association (Safa) has reported a R59 million profit for this financial year.

Finance committee chairperson Mandla Mazibuko said some of the money would be shared among the 52 Safa regions.

“The regions will now get more than the R350 000 annual grant each.

“The additional funds will assist in running their offices and in development projects,” said Mazibuko. “There will be fiscal control and financial discipline.

“Last year we made a profit of R46 million and when we took over it was R33 million.”

Another Safa vice-president Chief Mwelo Nonkonyana said they had also made some constitutional amendments in line with world football governing body, Fifa.

The amendments are:
» Eastern Cape’s Balfour City is now a region and Mangaung has earned a district status;

» The AGM will now be called the Safa Congress; and

» Individuals who challenge football matters in court will face a life ban.

He said regulations on club licensing will be discussed next month. A recommendation has been made that all PSL and NFD clubs will require licences to operate.



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