Seven companies interested in Stormers private equity stake: 'Their URC performance is assisting' | Sport

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Seven companies have expressed serious interest in acquiring an equity stake in Western Province Rugby Football Union's commercial arm, the Stormers, SA Rugby administrator Rian Oberholzer confirmed to Sport24news | Sbu_Mjikeliso

The Stormers lift the South Africa Shield during the United Rugby Championship match between the Scarlets and Stormers at Parc y Scarlets on May 21, 2022.

Seven companies have expressed serious interest in acquiring an equity stake in Western Province Rugby Football Union's commercial arm, the Stormers, SA Rugby administrator Rian Oberholzer confirmed toWestern Province has been in the news again this week regarding the administration of the Newlands Rugby Stadium sale, which hit another pothole when former Springbok Wynand Claassen launched a bid to have the ground declared a heritage site.

While that is going on, however, private equity partners have not shied away from desiring a private stake in the Stormers, who face Ulster in the United Rugby Championship semi-finals in Cape Town on Saturday.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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