CAPE TOWN - The South African Football Association is seeking a share of the revenue of private betting operators who take punts on the football governing body’s products.The football body was in Parliament this week to table a proposal to change legislation that could see betting companies pay sporting bodies an “integrity or product fee” to take bets placed on certain matches or events.In the last six years, the sports betting industry in South Africa has grown by 450% or R39.7 billion.
Acting Safa CEO Russell Paul has told Eyewitness News the football governing body spends between R4 million and R6 million to stage a single international football match, while betting companies are making money off their products.“Without the sport, they can’t bet. How can they use the sporting properties without providing support to those controlling bodies?”Paul says Safa approached the government about changing the law so that sporting bodies and government can also benefit.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ewnupdates - 🏆 30. / 53 Read more »