Connect with us

Money Talk

Motsepe urges soccer players to invest their earnings

Takemore Chikwesa

Published

on

Photo cred: @MotsepeFoundation

Mamelodi Sundowns president Patrice Motsepe urged South African players to invest their money wisely. Motsepe said that African players should do this at the peak of their careers and earning power so that they are able to live better after their football lives.

The South African football archives are awashed and crammed with players who fell on rough times after retirement. The Sundowns opulent billionare owner said clubs have to work harder to ensure that players invest wisely.

The mining magnet and president of the Chloorkop based outfit has spoken. This is the prime time for all the soccer players to heed to one of South Africa’s richest men.

“It saddens me immensely when I meet a former football player who played for Sundowns while I was the president and you can see that his financial position is not as it should be‚” said Motsepe according to Sowetan Live.

“Sometimes we really have to do harder in terms of saying to them that you must begin to save some of your money.” He added. Most South African local players are known for their spendthrifts during their playing days and when they retire they are bankrupt and broke.

“Some of them make me proud because they do their best in investment opportunities. These players have a short career and they have to make as much money as possible whilst they play football.”

“They must use some of that money to invest so that it can look after them when they don’t play football anymore.” This vividly reflects that Motsepe is a profound savvy businessman ,with an acumen for business.

Sundowns pays some of the best and highest salaries in the PSL .The philanthropreneur said he got into the football fraternity to try and change the living conditions of players.

“When I got into football‚ one of the main objectives was to try and make sure the salaries‚ living conditions and the pay of the players is good‚” he added.

Motsepe is renowned for his massive largesse works of patronage to the needy, indigent and uplifting the growing entrepreneurs.

Sundowns clinched the Absa Premiership after beating Free State Stars 1-0 a week ago. The same results also confirmed the relegation candidate Free State Stars’s to the lower division.

Pitso Mosimane said the players would share the R10m prize money. “The prize money belongs to them and we are going to add a little bit more.” said Mosimane.

Takemore, is a former technician who studied Journalism with UNISA .Acquired experience in journalism since 2012 working for Dopota Star magazine as a senior correspondent in South Africa and also worked for The Durbanite online publication.I am ardent ,workaholic,a bookaholic ,optimistic and an inquisitive journo with a knack for investigative journalism.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending