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SA Rugby Rejects Private Equity Investment Proposal for Commercial Rights

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SA Rugby,Private Equity,Rugby Commercial Rights

SA Rugby has turned down a private equity investment proposal for the sport's commercial rights, as the proposal failed to secure the required 75% majority approval from member unions. The Ackerley Sports Group, the preferred bidder, has until the end of 2024 to revise its offer. SARU remains committed to a sustainable future for rugby in South Africa.

SA Rugby has declined a private equity investment proposal for the sport's commercial rights, failing to secure the necessary 75% majority. Seven of the 13 member unions with voting rights opposed the deal. The Ackerley Sports Group, the preferred bidder, retains an exclusivity period until the end of 2024 to present a revised offer.

SARU president Mark Alexander emphasized the importance of a sustainable future for South African rugby, expressing gratitude for member input and pledging to work transparently. During the same meeting, Mary-Ann Musekiwa was elected as the women's representative to the World Rugby General Council

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South African Rugby Union Rejects Private Equity Investment ProposalThe South African Rugby Union (Saru) has rejected a proposal to accept a potential private equity investment in the sport's commercial rights, failing to meet the required 75 percent majority. Seven of the 13 member unions with voting rights opposed the proposal. Ackerley Sports Group, who were the preferred bidders, have until the end of 2024 to make a revised offer.
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