By A Correspondent

The South African Premier Soccer League (PSL) has announced a substantial increase in prize money for the winners of the 2024/25 Betway Premiership. Following the successful securing of a new sponsorship deal with Betway earlier this year, PSL chairman Irvin Khoza confirmed that the championship team will receive a staggering R20 million (approximately USD 1.13 million).

This significant boost surpasses the previous season’s prize of R5 million, demonstrating the league’s growth and commitment to rewarding excellence. Although details regarding the prize allocations for second, third, and other positions have not been disclosed, Khoza assured that further information will be shared in the coming weeks.

The substantial increase in prize money is expected to intensify competition among teams vying for the top spot. With the new sponsorship deal and increased prize money, the PSL aims to elevate the prestige and attractiveness of the league, ultimately benefiting South African football.

Khoza’s announcement has generated excitement among fans and teams, setting the stage for an thrilling 2024/25 Betway Premiership season.