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Cape Town City Charged by PSL Prosecutor Zola Majavu Over FNB Sponsorship
- The writing was on the wall and now it has happened: the Premier Soccer League has charged Cape Town City
- Perennially overworked league prosecutor Zola Majavu confirmed that this was over the club's sponsorship by FNB
- The PSL asserts that The Cityzens did not seek its approval over the two's deal as it would conflict with the league's sponsorship by Nedbank
The inevitable has happened regarding the Premier Soccer League, Cape Town City and FNB.
League prosecutor Zola Majavu announced last night that the Cityzens had been charged for their sponsorship agreement with the financial institution. This was because the PSL alleges that the club did not gain approval, as the deal would have conflicted with the league's sponsorship by Nedbank.
According to TimesLIVE, Majavu said:
“Cape Town City stand charged for failure to obtain prior approval from the PSL executive committee in accordance with the compliance manual before the conclusion of a new or an amended sponsorship agreement with a particular bank."
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“In accordance with the rules they ought to have sought and obtained approval before concluding the agreement. In this instance the allegation against them is that they did it the other way around. They will appear before the DC on Monday at 6.30pm.”
This is a highly undesirable turn of events for the troubled City. Club chairman John Comitis told the Sunday World that he hoped the matter would be speedily resolved without the need for a legal showdown.
Cape Town City stuck in PSL court war, Kaizer Chiefs match tickets hike outrage and relegation battle
Cape Town City's 2022/23 season is playing out like a twist-filled soap opera.
As reported by Sports Brief, the club has had a dreadful start to their DStv Premiership. The Cityzens are rooted firmly at the foot of the table after losing their first three matches of the campaign.
As an impending disaster plays itself out on the pitch, the club is currently at loggerheads with the Premier Soccer League in the boardroom over its sponsorship by FNB, which the league called this ambush marketing because of its own partnership with Nedbank.