According to the report, seven out of Saru's 14 member unions are opposing the ASG deal. SA Rugby needs the support of 75% of unions for the ASG deal to be pushed through.
FILE - Springboks captain Siya Kolisi is capped by SA Rugby president Mark Alexander ahead of the 2023 Rugby World Cup. Alexander and SA Rugby have been working on a private equity deal for rugby’s mother body. Picture: Phill Magakoe / AFPwith the United States-based investment firm Ackerley Sports Group is in jeopardy after some of country’s rugby unions and franchises voiced their concerns to the mother body in a letter.
Back in February, SA Rugby clarified they were not selling the Springboks. Instead, they wanted to position South African Rugby for “greater global prominence“. In the letter, the unions also say they want the vote on the deal to be postponed to “prevent a public spectacle which is not in the interests of Saru or its members".
“Investor transparency: The identities of ASG's consortium members and the sources of their funding remain unclear, raising questions about the financial capacity of ASG to implement the transaction fully and who would be the ultimate partners in the deal.
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