Early Xmas for premier league giants

Early Xmas for premier league giants

MASERU – Econet Telecom Lesotho, the main sponsor of Lesotho’s Premier League, is giving the four contestants of this year’s Econet Soccer Spectacular an early Christmas gift after the competition’s raging success.
The annual preseason tournament was held three weeks ago at Setsoto Stadium and saw Bantu, Linare, Lesotho Defence Force (LDF) and eventual winners Lioli contest the crown following a month-long SMS competition featuring all 14 top-flight clubs.

Initially, Econet announced a money pot of M200 000 to be shared by the four teams which was to be derived mainly from gate takings of the two-day tournament.
However, after a successful process which included more than 500 000 votes and healthy attendance at Setsoto, Econet has decided to increase the teams’ earnings by giving them a higher portion of gate-takings and voting revenue.

The decision means a cool windfall for Lioli, Bantu, Linare and LDF.
Lioli, for example, claimed M100 000 for winning the competition played on August 31 and September 1. ‘Tse Nala’ will now get an additional M64 202 from tickets sales and voting revenue which takes their overall booty from the Econet Soccer Spectacular to M164 202.

For their part, runners up Bantu pocket a total of M119 975 while third-placed Linare will take home M91 568.
LDF were the only team to garner over 100 000 votes and they haul in M113 069.

The Econet Soccer Spectacular preseason competition was launched last year to help clubs raise money before the start of the league season.
This year, more than half a million votes were cast by fans and, thanks to the presence of traditional crowd pullers Lioli, Bantu and Linare in the final tournament, attendance at Setsoto was also strong.

According to Econet’s stats, a total of M222 490 was available to be shared by the league’s 14 clubs from ticket sales.
The Econet Soccer Spectacular’s success, from voting to finish, has therefore benefitted clubs just as the 2019/20 Econet Premiership season kicks off this weekend.

Instead of a 40% share of revenue generated from SMSes and the share was increased to 50% by Econet when the votes reached half a million.
The four teams that made it to the spectacular tournament, as a result, pocketed three prizes: their prize money, a pro-rated revenue share from ticket sales and 50% revenue from their votes.
The remaining ten teams pocketed two prizes: a pro-rated revenue share of ticket sales and 50% from their votes.
In total, a whopping M715 550 was shared by the Econet Premier League’s 14 teams.

Sports Reporter


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