The Western Province Rugby Union has confirmed that negotiations with American investment consortium MVM Holdings are going ahead following a positive meeting between the parties on Friday.
MVM Holdings could walk away from a potential investment in WP Rugby unless there is a clear willingness to cede majority control.
The investors looking to buy a controlling majority share in WP Rugby could consider expanding the Stormers’ trade name in different rugby leagues around the world.
Former Western Cape premier and ex-South African ambassador to the United States, Ebrahim Rasool, has been appointed as chairman of the Western Province Rugby Football Union.
Western Province Rugby Football Union president Zelt Marais says the WPRFU takes exception to the insinuation that it acted without due consideration over the future of Newlands and the move to the Cape Town Stadium..
Western Province Rugby have accelerated plans to move to Cape Town Stadium after agreeing to a new development deal for Newlands.
Western Province Rugby Football Union president Zelt Marais has opened up about the Newlands Stadium sale saga that has caused a furore.
The Western Province Rugby Football Union has struck a new multi-million rand deal with the Flyt Property Investment Group for the sale and redevelopment of Newlands Stadium.
The cash-strapped Western Province Rugby Union is set for a potential game-changing R150-million partnership with a private school group that could drastically boost their ailing finances, writes JOHN GOLIATH.