SA Rugby has rejected a proposal of a private equity deal worth R1. 3 billion for South African rugby’s commercial rights.
FILE. Picture: The proposal did not manage the 10 votes out of the 13 SA rugby unions needed to approve the move. Only seven member unions voted in favour of the proposal. Phill Magakoe / AFP on Friday confirmed it had rejected a proposal of a private equity deal worth R1.3 billion for South African rugby’s commercial rights.
Saru, however, did specify that Ackerley Sports Group would still be the preferred bidder and will have the right to make a new offer by the end of the month if the two bodies are to come to an agreement. “We remain committed to working transparently and inclusively as we navigate this process. We thank our members for their engagement and feedback and look forward to presenting revised proposals that reflect our collective vision and goals in due course.”
Sa Rugby Union Economic Freedom Fighters Mark Alexander Ackerley Sports Group South African Mary-Ann Musekiwa World Rugby Https://Www Iol Co Za/Sport Executive Council Iol Sport @Golfhackno1
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