Monday, July 15, 2024
HomeDStv PremiershipRichards Bay Make Major Announcement

Richards Bay Make Major Announcement

DStv Premiership side Richards Bay have made a major announcement on Wednesday, confirming Phakwe Group as their new main sponsor in an illustrious deal.

After surviving the relegation/promotion playoffs and securing their DStv Premiership status under Vusumuzi Vilakazi, Bay is going with new ambitions into the 2024/25 campaign.

The Natal Rich Boyz finished in 15th spot in 2023/24, finishing on 30 points, seven ahead of relegated Cape Town Spurs but just two behind Moroka Swallows, who have since been bought by Marumo Gallants.

On Wednesday, Bay announced that Phakwe Group are the club’s new main sponsor.

The three-year deal is said to be worth R60 million, and includes a further two-year option, worth an additional R20 million per season, thus taking the total potential value of deal to R100 million, as per SABC Sport and iDiski Times journalist Velile Mnyandu, who was at the event.

iDiski Times
iDiski Times
iDiski Times is one of the fastest-growing football brands in South Africa. Boasting a free weekly newspaper as well as a 24/7 news website with top breaking news in the PSL (DStv Premiership, Motsepe Foundation Championship), women's football and all other major tournaments in South Africa and abroad.