Showing posts from June, 2020

ABSA cancels PSL league sponsorship after 13 years

ABSA cancels sponsorship after it has been the sponsor of the Premier Soccer League (PSL) since 2007. In 2007 , ABSA replaced Castle as the main sponsor of the PSL. This means that the PSL will have no sponsorship when the 2020-21 season begins. COVID-19 is wreaking havoc in South Africa (SA) and maybe one of the reasons ABSA has canceled. The other reason may be that the current (2019-20) season has been placed on hold for over 2 months with no indication of when the season will resume. ABSA have ended their relationship with the PSL after pumping 500 million rands into the PSL over a period of 13 years. It is a decision that has stunned the media since last year ABSA increased the price money of the PSL to 39.9 million rands which means the 2019-20 season winner would receive a whopping 15 million rands up from 10 million the previous season. Currently, in SA the infection rates are increasing and the number of deaths. As of 4 June 2020, there are 37 525 confirmed cases and 792