Tag archive for "Supersport"

The SABC is broke. So what are the implications for soccer?

FINANCE

The SABC is broke. So what are the implications for soccer?

1 Comment 18 June 2009

It’s impossible not to see and hear nears about how the South African Broadcasting Corporation (SABC) is imploding. At the heart of the matter is the R700 million the corporation has lost during the last financial year. The drama has included the resignation of the majority of the board members, the ongoing court dispute between the former CEO and the board, and it goes on.

However, what concerns some of us is the R100 million the SABC owes to SuperSport for its sub-licenses for televised Premier Soccer League (PSL) matches and cricket matches. The public broadcaster has already bankrupted, and almost bankrupted, most of its independent production houses by failing to pay these suppliers amounts reported to be about R55 million. Continue Reading

sandile-ndlovu

FINANCE

Mandela’s home province is hungry for the bigtime

No Comments 09 June 2009

The first of the brand new stadiums being built for the 2010 World Cup has now been completed a full year ahead of the tournament. I’m referring to the Nelson Mandela Bay Stadium in Port Elizabeth. This is a very big psychological milestone for preparations for 2010 as it will hopefully ‘unblock’ all the obstacles facing the other new stadia so that they are all finished in good time.

The Eastern Cape has been greatly affected by the plummeting fortunes of the motorcar industry and hosting the 8 World Cup matches that it has been allocated could help to kickstart the economy of this region which is heavily reliant on the motor vehicle Industry – VW, General Motors and Mercedes Benz (Daimler-Chrysler) are all based here. Continue Reading

Is it possible for our clubs to ever bridge the financial gap with those from the West?

FINANCE

Is it possible for our clubs to ever bridge the financial gap with those from the West?

No Comments 07 April 2009

South African soccer must be wary of being content to being a big fish in a little pond. Supersport’s R1.6 billion and ABSA’s R500 million sponsorship of the South African PSL is a lot of dough for our clubs. Continue Reading

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