Absa dumps PSL sponsorship
The Absa Bank discontinue their PSL sponsorship and will not renew their R140million seasonal funding.
The financial giants Absa Bank will not renew their 3 year sponsorship of South African first division football despite the possibility of them financing a domestic competition.
Besides taking over one of the cup competitions, Absa seeks to join as the PSL official financial service provider.
PSL chairman Irvin Khoza said the league became a force after Absa’s arrival.
“The Absa Premiership era will forever be a reference point for football glory, both in terms of club development and player performance in our sports history. The PSL is grateful to Absa for strengthening the league to true professionalism,” said Khoza.
“Memory is a prized component for football followers around the world. The period of 2007 to 2020 will be etched in the memories of football fans as a high point in the PSL.”