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PSL guarantees financial security to clubs during lockdown period

The Premier Soccer League (PSL) has assured it will not cease financial assistance to clubs despite the current suspension of football activities due to the coronavirus outbreak.

With clubs currently not incurring costs such as camping, travelling, winning bonuses and other expenses relating to the daily running of football business, player salaries are a major concern.

But following some clubs in Europe, like Barcelona and Juventus, announcing wage cuts for their players and staff, there have been fears that some PSL and GladAfrica Championship sides might adopt the same stance.

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PSL acting chief executive officer Mato Madlala gave assurances that monthly grants will continue reflecting into the club’s accounts, including GladAfrica Championship teams whom they cater for.