South Africa’s Football Lovers Disappointed As Broke SABC Fails To Secure PSL Rights
The millions of South Africans who rely on the public broadcaster SABC TV and radio to enjoy live matches were left disappointed this past weekend when the cash-strapped SABC failed to broadcast the start of the new PSL season.
The popular sport was only aired live on pay-channel SuperSport.
Irate soccer supporters used social media to vent out their frustrations towards both the SABC and SuperSport.
The SABC issued a statement saying that it had failed to reach an agreement with SuperSport for the broadcast rights of the new PSL season because SuperSport wanted a payment of $18.8 million for broadcast rights that would cover a period of five years. Unfortunately, during that period, the SABC would have only made revenue of only $660 000.00 a year; therefore, this deal would not have been commercially viable for the SABC.
Over the past five years, the SABC has suffered a loss of $87 million in relation to PSL rights, and a decision was made that any agreement entered into should make financial sense and ensure that there is a return on investment for the business.
The SABC, in its statement, apologised to South Africa’s soccer fans who had been looking forward to enjoying the PSL games on SABC platforms.