SA Rugby is in the process of finding an equity partner, with negotiations ongoing with private equity companies. A potential deal with Ackerley Sports Group raises skepticism from Jake White about attracting overseas-based Springbok stars. SA Rugby CEO Rian Oberholzer has addressed concerns in a letter to the public.
SA Rugby CEO Rian Oberholzer has written to South Africans, clarifying matters around the potential equity deal between the sporting body and Ackerley Sports Group. https://t.co/jtO38hRHH6
Jake White remains skeptical that a potential private equity deal with Ackerley Sports Group (ASG) would entice overseas-based Springbok stars to return to South Africa. https://t.co/J3LgDnJrc4
SA Rugby have confirmed negotiations are ongoing after being approached by private equity companies who wish to acquire a shareholding in the sport’s commercial activities. https://t.co/LZwPaTnWJH
SA Rugby Private Equity Status Update Why would you do such a deal? A private equity partnership offers not just an immediate financial boost but also crucially provides the expertise, networks, and resources necessary to enhance the commercial value of South African rugby.…
"While not definitive, it is anticipated that a conclusive proposal will be presented to the members at the Annual General Meeting scheduled for 30 May 2024, for their approval or rejection." latest on @Springboks equity partner https://t.co/IrKrmCXB2U
Update on SA Rugby's process of finding an equity partner - more here: https://t.co/Vrfnd2K5BC 📝 https://t.co/c0Q0RbxYKi