SA Rugby’s Private Equity Deal Rejected

In a dramatic twist, the SA Rugby Union (SARU) has decided to reject a proposed private equity investment in the sport’s commercial rights. The announcement came on Friday, following a vote where the proposal failed to secure the necessary 75% majority. Seven out of the 13 member unions with voting rights opposed the idea, leaving

1 min read December 11, 2024

Despite this setback, hope is not entirely lost. The Ackerley Sports Group, identified as the preferred bidder in December 2023, retains an exclusivity period until the end of 2024 to present a revised offer, should they choose to do so.

Mark Alexander, president of SA Rugby, acknowledged the critical input from the members, stating, “The perspectives shared by our members have been invaluable, and we respect those perspectives. Our goal remains to secure a sustainable and prosperous future for SA Rugby, ensuring continued growth and success on both national and international stages.”

Alexander also emphasized the commitment to transparency and inclusivity in navigating the process, thanking members for their engagement and feedback. Revised proposals that reflect the collective vision and goals of SA Rugby are anticipated in due course.

Adding to the day’s developments, Mary-Ann Musekiwa was elected as the female representative to the World Rugby General Council, marking a significant step in fostering diversity and inclusion within the organization.

As SA Rugby continues to chart its course, the dialogue around private equity investment remains a key focus, with further updates to be provided as the situation evolves.