PSL boss Irvin Khoza has spoken out about one of the biggest challenges facing the league in the midst of the failed bid to revive Moroka Swallows to campaign in top flight football.
Mpumalanga Black Aces was sold to John Comitis last month who changed the name to Cape Town City FC.
Another top flight club namely of Free State Stars was on the verge of being sold to a consortium led by Gauteng Education MEC Panyaza Lesufi, but that deal collapsed this week after the asking price, touted to be more than R50-million, didn't exchange hands despite a signed agreement.
Khoza admitted this week that the situation was "regrettable" and argued there was an artificial transfer market that had been created. This, in his view, had resulted in clubs struggling to stay afloat.
The PSL teams are allocated R1.5-million monthly and there is R4-million given to them at the start of the season as preparatory money.
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