SA Rugby's private equity vote on hold at request of sports minister
South African Rugby has postponed a Special General Meeting that was to be held on Thursday for unions to vote on a private equity deal with United States-based Ackerley Sports Group (ASG), officials said.
SA Rugby's Equity Deal Put on Hold Amid Concerns
South African Rugby has delayed a crucial meeting initially planned for discussing a private equity deal with the Ackerley Sports Group. The postponement follows requests from the sports minister and internal stakeholders,
Springboks up for sale to private equity group, SA Rugby to hand over commercial rights
Deal would reportedly give Ackerley Sports Group 20 per cent stake in new commercial company and complete control of board.
Springboks: SA Rugby rubbish bonuses claim in detailed Q&A over $75m private equity deal
SA Rugby have moved to rubbish reports, leaks and speculation around the private equity deal with Ackerley Sports Group (ASG). The union launched exploratory discussions back in 2018 with several private equity firms and after years of talks and delays,
SA Rugby postpones equity deal meeting at government request
SA Rugby has agreed to postpone its special general council meeting over a proposed equity deal with US-based Ackerley Sports Group.
Sports minister Gayton McKenzie asks SA Rugby to postpone ASG equity deal vote
The Minister of Sports, Arts and Culture Gayton McKenzie has sent an open letter to SA Rugby president Mark Alexander, asking him to postpone Thursday’s vote on the equity deal.
Springboks: Government intervention delays SA Rugby’s crucial meeting over $75m private equity deal
SA Rugby have announced the postponement of the Special General Meeting (SGM) to consider a proposal to conclude a private equity investment. This comes after a request from the South African government,
Springbok Rugby Deal Halted by Richest S. Africans, Minister
Rugby unions linked to South Africa’s richest men and the nation’s sports minister have set back a controversial private ...
Springbok Rights May Be Sold to Ackerley, Business Day Says
Ackerley Sports Group will get control of the commercial rights to the Springboks rugby brand if a proposed deal goes ahead this week, Business Day said, citing a copy of a business plan it had seen.
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EFF slams ‘dodgy deal’ that seeks to ‘globalise’ Springboks
The EFF has rejected the contemplated sale of 20% commercial rights of Springboks to American-based company Ackerley Sports Group.
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Government intervenes over SA Rugby equity proposal
Johannesburg: Government intervention on Wednesday led to the postponement of a South African Rugby meeting that would have ...
Rugby unions, EFF oppose SA Rugby’s R1.3 billion equity deal with US investors
According to the report, seven out of Saru's 14 member unions are opposing the ASG deal. SA Rugby needs the support of 75% of ...
Springbok Rugby Deal Stalled by Richest South Africans, Minister
Rugby unions linked to South Africa’s richest men and the nation’s sports minister have set back a controversial private ...