ASG open to SA Rugby bid partnership
American investment group Ackerley Sports Group (ASG) has reportedly renewed its efforts to invest in SA Rugby (SARU) by working with a local consortium.
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American investment group Ackerley Sports Group (ASG) has reportedly renewed its efforts to invest in SA Rugby (SARU) by working with a local consortium.
CEO Warren Wheatley has outlined the Altvest Capital-led consortium’s ‘broad-based ownership’ vision for becoming an equity partner with SA Rugby.
Sharks boss Marco Masotti has stressed the need for innovative solutions to secure SA Rugby and the sport’s future in the country.
Ackerley Sports Group (ASG) reportedly remains interested in securing a stake in SA Rugby, despite last week’s rejection of their R1.4 billion proposal by the union’s voting members.
SA Rugby resolved on Friday to turn down a proposal to accept a potential private equity investment in the sport’s commercial rights.
SA Rugby will reportedly move forward with Friday’s vote on a proposed equity deal with Ackerley Sports Group (ASG), despite significant opposition from its unions.
SA Rugby has defended its proposed equity deal with the Ackerley Sports Group (ASG), describing the R1.4 billion investment as vital for the sport’s sustainability in South Africa.
A group of the country’s rugby power brokers, including billionaire Johann Rupert, is reportedly compiling an offer to rival SA Rugby’s proposed equity deal with US-based Ackerley Sports Group (ASG).
Former Test referee Jaco Peyper will oversee SA Rugby’s new elite referees’ panel to better prepare South African officials to make the step up to international level.
Sports Minister Gayton McKenzie has confirmed that SA Rugby’s private equity deal will include SA partners, addressing concerns raised by dissenting unions ahead of a pivotal vote.