NSL announce increase of R54 million in revenue at AGM
JOHANNESBURG – The National Soccer League (NSL) on Thursday announced that the league’s revenue went up from R884 million to R938 million for the 2017/18 year.
The announcement was made at the NSL’s Annual General Meeting in Johannesburg. The meeting was attended by the 32 Member Clubs of the National Soccer League.
In his address, NSL chairman Irvin Khoza said: “We have come a long way since 1985. The value of our business is built in the all-important value of sacrifice.
“Ours is a puny business, where those that shoulder the burden of ownership take all the risks, yet receive the least of the benefit and spoils if there are any left.
“We (PSL) are today the largest event organiser and content developer in South Africa. Being the largest event organiser, we are most affected by the Sasrea Act that seeks to regulate the safety of sports and recreational events.
“As the largest content developer of engaging content that gets the country talking day in and out, we are responsible for all the lifeblood and success of the media and telecoms.
“You look at the remuneration being paid in the football industry. No-one can dispute the fact that players have gone from playing only for the love of the game to now playing as a proper career, where they are able to invest surplus funds.
“Member Clubs are making a contribution to various bodies including UIF, SARS and COIDA – these are people who play a pivotal role in our economy.”
Khoza noted that despite the recession and the tough economic times facing South Africa, football has been able to develop a product, through the content it generates, that remains attractive and trusted by both the league sponsors, cup sponsors, partners and broadcast partners.
Khoza said that the league’s revenue went up from R884 million to R938 million, and again demonstrates the strength of the league as it continues to attract sponsorships and broadcast partners.