The South African Premier Soccer League (PSL) has announced the securement of betting fees placed on national football matches. The PSL will use these funds to augment football funding and development of the game in South Africa.
PSL Chairman Irvin Khoza made light that the governing body for professional football in South Africa had been chasing an agreement for some time. The PSL had taken to court African betting and lottery operators Gidani, the Lotto company in charge of Sport Stake Ltd for allowing the procurement of sports betting without having gained the appropriate rights from the PSL
Khoza commented on the signed approval “We have officially become the only league in the world to achieve this milestone, This is a good story to tell… I’m happy that we have achieved another feat in the 18 years since the inception of the PSL. It has been a long journey”
The court ruling will allow the PSL to collect a percentage of future loses on bets placed on South African football matches (the % amount is yet to be decided). Mr Khoza, mentioned that the PSL would likely enforce the ruling on all betting houses targeting South African football.
“Betting shops are making millions in Rand every month, it is only right that they contribute to the good of the sport, those that choose not to will be in trouble”.