The ins and outs of the PSL’s new Betway deal
Dr. Irvin Khoza , the PSL chairman and Laurence Michel, the CEO of Betway Africa, after the announcement of the online gambling company as the league's new sponsors.With Betway now confirmed as the new sponsors of top-flight football in South Africa, it makes the online gambling company the fourth sponsor of the league throughout the NSL era.
However, they abrogated four years into the deal, paving way for online gambling company Betway to take over on a three-year deal worth R900 million."I had several meetings with Hollywoodbets and the sponsor that wanted to sponsor ," confirmed Khoza. "It is our responsibility to assist the clubs… we understand why it has been important to create a grant for the teams.Domestic football will start on August 3 with fixtures set to be released on Wednesday afternoon, at the time of writing. "This partnership is the biggest single investment in South African sport and underscores Betway’s commitment to the future of South African football,” says Michel.
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