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A windfall for PSL as Absa increase prize money to R39.9m

"THE STAKES are going to be very high,” says elated PSL chairman Dr Irvin Khoza.

This follows news that both Premier League and Absa have agreed to increase the prize money for the new football season to 50%.

The total prize-money for the league has been increased from R29.5-million to R39.9-million, a jump of 35 percent on the last season.

This means a cool R15million for the PSL title winners.

“This season the Absa Premiership champions will earn a whopping R15 million. Yes, you heard right, R15 million. Our sponsors, Absa and us as the league, had to crunch the numbers to ensure that this is possible,” said Khoza at the press brief in Parktown on Wednesday.

The second-placed side pockets R7.5-million, with third picking up R3.75-million. The team that finishes bottom of the league will only enjoy a R440 000 pay-day.

ABSA PREMIERSHIP PRIZE-MONEY – 2019/20

1st – R15-million
2nd – R7.5-million
3rd – R3.75-million
4th – R2.5-million
5th – R1.8-million
6th – R1.56-million
7th – R1.32-million
8th – R1.2-million
9th – R885 000
10th – R825 000
11th – R750 000
12th – R690 000
13th – R620 000
14th – R565 000
15th – R495 000
16th – R440 000

PSL also revealed the 2019/2020 fixture, starting with Tshwane derby on 3rd August at the Lucas Moripe Stadium.

For full fixture go to www.psl.co.za

Image (Dr Irvin “The Iron Duke” Khoza happy with the 50% increase in the league by Absa).

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