SA Rugby gets equity offer from Rupert and co
A group including billionaire South African businessman Johann Rupert has made an offer to become SA Rugby’s equity partner.
A group including billionaire South African businessman Johann Rupert has made an offer to become SA Rugby’s equity partner.
The proposed equity partnership between SA Rugby and the ASG has gained significant traction, with Vodacom Bulls boss Edgar Rathbone reportedly playing a pivotal role in addressing a critical sticking point.
SA Rugby has successfully brought Johan Ackermann back to South Africa as a national team consultant starting in January.
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 has announced a group of 48 players to attend a camp in Stellenbosch, laying the foundation for the identification and preparation of the next generation of Junior Springboks.
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.
The R1.3-billion private equity deal between SA Rugby (SARU) and the Seattle-based Ackerley Sports Group (ASG) looks set to crumble after reported opposition from SA’s top rugby unions.
SA Rugby will support a reported merger between the URC and Premiership, provided the Bulls, Lions, Sharks, and Stormers are guaranteed spots in the competition.