The Premier Soccer League (PSL) announced the renaming of the National First Division (NFD) to the GladAfrica Championship, with the prize money rising to R3 million.
PSL chairman Dr Irvin Khoza announced that GladAfrica Group will now sponsor the NFD in a five-year partnership following a board of governors meeting in Kempton Park this morning.
It’s OFFICIAL: @GladAfricaGroup have joined the family as the new sponsors of the National First Division. pic.twitter.com/EyV4ONdt2i
— Official PSL (@OfficialPSL) August 1, 2019
The league will be known as the GladAfrica Championship for the next five years with the prize money increased from R300,000 to R3 million.
The new payment structure will have the champions earning R3 million, runners-up R1.5 million and the third-placed team R1 million.
The Sponsorship deal is for a period of five years.
More details of the partnership will be announced in due course. pic.twitter.com/UT5wJdHiOn
— Official PSL (@OfficialPSL) August 1, 2019
‘This momentous announcement is not only significant today but also has a bearing on the future,’ Khoza said.
‘GladAfrica is joining a club and we commend the leadership of the company for being visionaries for having the foresight to understand the development of football in the country.’
