WP Rugby equity deal for ‘Cape community’
A key stakeholder behind the Red Disa consortium has revealed how his passion for Western Province rugby inspired him to save the provincial union from liquidation.
A key stakeholder behind the Red Disa consortium has revealed how his passion for Western Province rugby inspired him to save the provincial union from liquidation.
The Western Province Rugby Football Union (WPRFU) can reportedly expect a R160-million cash injection if the transaction for an investment in its business arm is successful.
The DHL Stormers all but secured the battle for the South African Shield in front of over 30,000 fans, while a planned protest from the union’s former administrators flopped in the build-up to the match on Saturday.
A planned protest at Cape Town Stadium on Saturday by Western Province clubs against SA Rugby’s administration of the union has been written off as the disapproval of a small minority.
Western Province Rugby’s efforts to sell Newlands Stadium were delayed by former Springbok Wynand Claassen wanting to “save the soul of apartheid South African rugby”, according to MARK KEOHANE.
Western Province Rugby’s pathway to the sale of Newlands Stadium is set to be cleared after a Western Cape Heritage committee decided not to declare the grounds a heritage site.
SA Rugby is believed to be putting measures in place to ensure there can be no legal challenges should a decision be made to place the Western Province Rugby Football Union under administration.
The Money Man and Mark Keohane discuss the latest news in the rugby world, which includes a possible new investor in WP Rugby and Warren Gatland’s woes at the Chiefs.
The Western Province Rugby Union have reportedly assured both players and employees that they do not need to worry about the financial state of the union.