SA Rugby
The South African Rugby Union has rejected a proposal for a private equity investment in the sport’s commercial rights.
SARU said on Friday that the proposal failed to reach the 75% majority, after seven of the 13 member unions voted against it.
However, it said the Ackerley Sports Group, which was identified by them as the preferred bidder in December 2023, still has an exclusivity period until the end of 2024 to make a revised offer, should it wish.
“The input and perspectives shared by our members have been invaluable, and we respect those perspectives,” said SARU president, Mark Alexander.
“Our goal remains to secure a sustainable and prosperous future for South African Rugby, ensuring that we continue to grow and succeed on both the national and international stages,” he said.
Alexander said SA Rugby remains committed to working transparently and inclusively while navigating this process.
“We thank our members for their engagement and feedback and look forward to presenting revised proposals that reflect our collective vision and goals in due course.”
"Further advice on the process will be provided as it arises,” he said.
