Premier Soccer League chairperson Irvin Khoza revealed that the football body will develop a loan scheme to provide financial assistance to clubs in distress as they aim to complete the 2019/20 season.
The PSL is pushing for football to return after games were suspended due to the Covid-19 coronavirus pandemic.
The Absa Premiership clubs receive R2.5 million a month while GladAfrica Championship teams bag R500 000 a month.
READ: Did PSL jump the gun?
The 2019/20 was meant to conclude on June 30 but now, Khoza revealed, the new date to finish is August 30.
Clubs have continued to receive the monthly grants since games were suspended in March.
Speaking at a press conference in Parktown on Monday, Khoza explained that funds would be provided for financially vulnerable clubs.
“The PSL has opened an account to make sure it’s easy for the clubs. If they don’t have funds, we have opened an account to pay to those clubs and later we will deduct from their grants,” Khoza said.
“The PSL from June 30 was the last time we got the grant. If nothing happens going forward it is going to be a challenge.
“The sponsors have allowed us to be paid without asking questions about what they are receiving in return. That is why it’s so urgent for us to start [playing again] because beyond June 30 we won’t be able to give clubs any grants. It’s been stressful to the clubs. Some clubs have even asked for [salary] reductions from the players.”
The veteran football boss also revealed that the league, which aims to finish the season by the end of August, would ensure that all games take place in Gauteng.
“The [PSL] board of governors resolution was to play all our games in Gauteng and North West. But we received a good pitch from KwaZulu-Natal which was considered. As we speak the PSL has resorted to stick to Gauteng only.”
“The resolution is that all 32 clubs must go to the [bio-safe] bubble,” he said.
“Whatever dates we talk about we start counting back from August 30 because we need six weeks to complete the season. The PSL clubs are under severe pain and stress because 95% of clubs don’t have [cash] reserves.”
The PSL governors will meet again on Tuesday to deliberate more on matters of completing the season, Khoza said.