Acting CEO Madlala on threat posed by Covid-19 on PSL's finances: 'We are just taking it day by day'

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The Premier Soccer League (PSL) is not just in limbo in terms of its matches being suspended‚ but also facing uncertainty on its financial stability‚ says acting CEO Mato Madlala.

Globally football associations and professional top-flight leagues have laid off staff and clubs renegotiated salary packages with players to cut costs as matches remain suspended due to the coronavirus pandemic.

Madlala was asked if‚ given the PSL secures its sponsorship and TV rights deals over years‚ this means the league is currently solid so long as there is a prospect of the 2019-20 season still being completed – even if extended to August or further. “The league gets money from matches being played. If there is a cup competition being played we get a certain percentage. So it pains everyone [when there are no matches].

“People can ask for it [the money] back. We have seen that in other places around the world right now where people are asking for it back.

 

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