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.
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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.
