Big increase in ABSA Premiership prize money
The Premier Soccer League have announced a massive increase in the prize-money for the Absa Premiership in the coming season with the winners to pocket 50 percent more in the form of the R15-million pay-day.
The amount is an increase from R10-million, which had been the figure teams walked away with for the last decade.
This was announced by PSL chairman Dr Irvin Khoza at a media briefing on Wednesday, where the amounts for the other team placing were also revealed.
The second-placed side in 2019/20 will take home R7.5-million in prize-money, with third picking up R3.75-million. The team that finishes bottom of the league will only enjoy a R440 000 pay-day.
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.
Dr Khoza also confirmed that the league would kick-off with a Tshwane Derby between Mamelodi Sundowns and SuperSport United at the Lucas Moripe Stadium on August 3.
Orlando Pirates will welcome Bloemfontein Celtic in their opening fixture, while Kaizer Chiefs are away at Highlands Park on August 4.
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