JOHANNESBURG – The NFD’s financial woes are now a thing of the past thanks to a cash injection South Africa’s second-tier league will now enjoy from new sponsors GladAfrica.
The deal was announced yesterday by PSL Chairman Irvin Khoza following a Board of Directors’ meeting in Johannesburg.
The league will now be called the GladAfrica Championship for the next five years after GladAfrica Group, the consultancy firm that with its fingers in engineering and project management, became the first division’s first sponsor since Mvelaphanda pulled out in 2007.
Suddenly, instead of merely playing for promotion to the PSL, NFD teams now stand to swell their bank accounts with a massive R3 million. The runners-up will pocket half of that, while the team that finishes third will get R1m.
That’s a substantial improvement from the R300 000 that Stellenbosch FC received for winning the NFD title in May.