Finding a new equity partner was reportedly not high on the agenda when Saru’s executive council met on Saturday. In December, Ackerley Sports Group’s private equity bid – worth R1.4-billion for a 20% stake in SA Rugby’s commercial rights – failed to meet the 75% threshold it required, with seven of Saru’s 13 voting provincial
Frustrated union bosses were reportedly shut down at an SA Rugby President’s Council meeting when raising concerns about an audit of the failed Ackerley Sports Group (ASG) equity bid. News24 reports escalating tensions within South African rugby’s provincial administrative circles following the ASG deal saga. Sources suggest unease over SARU CEO Rian Oberholzer’s directorship of
Saru will have to cough up R14-million after its general council voted against Ackerley Sports Group’s private equity bid last month. ASG’s proposal – worth R1.4-billion for a 20% stake in SA Rugby’s commercial rights – failed to meet the 75% threshold it required, with only six of the 13 voting unions in favour of
SA Rugby has commissioned a governance review by an independent audit firm into the failed R1.4-billion equity bid by the Ackerley Sports Group. The American consortium’s proposal, which would have given them a 20% stake in SA Rugby’s commercial rights, failed to meet the 75% threshold it required to receive approval of the Saru general
