SA Rugby has announced that Thursday’s meeting to vote on the proposed private equity deal with US-based Ackerley Sports Group has been postponed at government request. This comes after minister of sport Gayton McKenzie penned an open letter formally requesting the postponement of the general council meeting. The meeting was scheduled to take place in
South Africa sports minister Gayton McKenzie has formally requested the postponement of Thursday’s SA Rugby general council meeting, where a pivotal vote will take place on the proposed private equity deal with US-based Ackerley Sports Group. In an open letter to SA Rugby president Mark Alexander, minister McKenzie voiced his concerns over the deal, emphasising
SA Rugby chief Rian Oberholzer has made it clear that the organization will not entertain any proposals to postpone Thursday’s general council meeting or consider alternative private equity bids. This comes after the four URC franchises – the Bulls, Sharks, Lions and Stormers – along with the Free State Cheetahs, Griquas and Boland, sent a
The R1.3-billion private equity deal between SA Rugby and the Seattle-based Ackerley Sports Group (ASG) looks set to crumble in the face of reported opposition from South Africa’s top rugby unions. According to a report by News24, the deal, which would have seen Saru sell a 20% stake in its commercial arm to ASG, is unlikely
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