
SA unions push for equity bid committee
The unions that voted against the failed Ackerley Sports Group equity deal want Saru to appoint a six-member committee to oversee the next potential bid.
The unions that voted against the failed Ackerley Sports Group equity deal want Saru to appoint a six-member committee to oversee the next potential bid.
Finding a new equity partner was reportedly not high on the agenda when Saru’s executive council met on Saturday.
The Ackerley Sports Group (ASG) will meet with seven dissenting provincial unions just days before a new vote date set for early December in a final chance to determine the fate of the equity deal.
SA Rugby have addressed concerns over a proposed private equity investment during a meeting of the Presidents’ Council in Cape Town on Wednesday.
SA Rugby has announced that Thursday’s meeting to vote on the proposed private equity deal with US-based Ackerley Sports Group has been postponed at government request.
Sports minister Gayton McKenzie has requested the postponement of SA Rugby’s vote on the proposed private equity deal with US-based Ackerley Sports Group.
South African’s top four franchises have reportedly asked SA Rugby for clarity over a potential private equity deal with Seattle-based Ackerley Sports Group (ASG).