WP, Stormers close in on equity deal with Red Disa Investment

Western Province Rugby and the Stormers are set to partner with Red Disa Investment in a private equity deal. Western Province has been operating under administration.

WP Rugby has been operating under the administration of SA Rugby, who are understood to have helped broker the negotiations. "It is an equity deal that will ensure the brightest future for professional and community rugby in the province," a WP Rugby statement read on Tuesday. "The equity deal will financially secure grassroots rugby and reinforce the nurturing of talent straight through to the professional teams.

"SA Rugby’s recommendation of the proposed equity partner completes a meticulous and thorough process in which the emphasis was finding a corporate partner that embodies the ethos and values of WP Rugby and one that has an appreciation of the history of rugby in the province and also the role of the clubs in the province.

Belgique Dernières Nouvelles, Belgique Actualités

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