NFD Teams to receive Ex-Gratia Payments
In a welcome boost for National First Division clubs, the Premier Soccer League has announced that all 16 NFD clubs will receive an ex-gratia payment of R300 000.00 with immediate effect.
This was confirmed by Premier Soccer League CEO, Kjetil Siem.
“The Chairman, Dr Irvin Khoza, raised this issue in the last Executive Committee (Exco) Meeting and got the full support from Exco to go ahead with this so that we could help some of the NFD clubs who are struggling financially,” said Siem.
“It's been a real tough period for some clubs as we've battled to secure a sponsorship deal for the NFD due to the recent financial crisis that has hit the world.”
While sympathizing with the NFD clubs, Siem did add that the League is still working hard to secure a sponsorship.
“I can guarantee and confirm that PSL Marketing is doing everything in their power to ensure that we find a suitable sponsor for the NFD,” Siem explained.
The clubs have already received their R300 000.00 payments.
