A consortium of South African businessmen, including Patrice Motsepe and Johann Rupert, have proposed a 20% stake in SA Rugby's commercial rights. This move follows a failed attempt by Ackerley Sports Group to acquire a similar stake, which sparked controversy among local rugby unions.
In a shock move, the ‘Rainbow Consortium’, made up of local businessmen and international investors, has tabled an offer to buy into SA Rugby and the Springbok brand.In another fresh twist in the tale of SA Rugby’s ongoing equity saga, a number of influential business people have expressed interest in coming on board as commercial partner of the governing body and thus Springbok rugby.
Additionally, the letter was also sent to every president of South Africa’s 14 professional rugby unions in the name of transparency and for their input., Jannie Durand and Johan van Zyl , and Johan le Roux and Bruce MacRobert have been tasked entering into negotiations with SA Rugby, should this prospective deal advance to the next stage.Valentine’s Day, love it or hate it, it’s a great excuse to curl up on the couch and watch a romantic movie.
There’s plenty of news circulating around the PSL. The offseason is due to be another transfer frenzy with Chiefs at the forefront. Poland’s Adrian Meronk won LIV Golf’s season opener in Riyadh, shooting 17-under over three rounds to win the $4 million prize. There’s growing concern on the future of Springbok’s Eben Etzebeth. The 33-year-old suffered an injury two months ago.
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