The National Soccer League (NSL) held its Quadrennial General Meeting in Sandton, Johannesburg on Wednesday 11 November 2020.
The PSL presented the 2019/20 financials. The League received an unqualified audit report from auditors, PWC.
Income for the year 2019/20 totaled R970 million. Service payment to clubs increased by R40 million to R656 million from R616 million.
Addressing the QGM today, PSL Chairman, Dr. Irvin Khoza said: “As a business that organizes the largest and most gatherings in South Africa, the PSL value chain is vulnerable to the new normal where the movement and gathering of people can, as we have experienced with Covid19, carry a deadly virus not detectable by any of human’s five sense.
“The NSL operates a business whose critical asset is its fixture. It is from the fixture that every activity is energized. It is the fixture that creates conversations which are a major business all in themselves.
“Traditionally, our value proposition is funded out of a part of our sponsors’ businesses that is most vulnerable to budget cuts – marketing. Marketing budgets are the first to be cut in recessions. We have experienced this through the difficulty we experience in sponsorship renewals and our broadcast partners experience in broadcast sponsorships and advertising sales.
“It has become urgent for the PSL to consolidate and let the market receive tangible and ready to use formats, intelligence about NSL audience.
“ The manner in which we created the bio-bubble, albeit very expensive, proved that we are reliable partners prepared to go to the end of the world to protect our partners and their value proposition.”
The Chairman also thanked National Government, SAFA, Gauteng Government, City of Johannesburg, Ekurhuleni and Tshwane Municipalities for their support in enabling the PSL bio-bubble.
The QGM also elected a new PSL Executive Committee. Dr. Irvin Khoza was elected unopposed for the position of Chairman.
The new PSL Executive Committee:
– Dr. Irvin Khoza (Chairman)
– Mr Kaizer Motaung
– Ms Mato Madlala
– John Comitis
– Mr Stanley Matthews
– Mr David Thidiela
– Dr Rejoice Simelane
– Mr Robert Benadie
SOURCED FROM THE PSL WEBSITE.
