SA Rugby postpones equity deal meeting
SA Rugby has postponed a meeting to discuss a proposed equity deal with US-based Ackerley Sports Group.
The meeting was set to take place on Thursday.
SA Rugby said the decision came after an open letter from Sports Minister Gayton McKenzie to the organisation’s president, Mark Alexander, in which he highlighted the necessity for thorough consultation and transparency.
“We received the request from the minister this morning, and we are happy to oblige, having shared the request with our member union presidents,” said Alexander.
“We had previously briefed him on his appointment, but we understand his request for further assurance considering the newsworthiness of this proposal.
“We look forward to providing any information the minister may require.
“We believe that the proposed partnership, along with our identified partner, offers an opportunity for organic growth rather than simply serving as a cash injection. Importantly, it ensures that the Springboks will remain under the control and direction of SA Rugby, safeguarding the future of our organisation.”
A new date for the meeting will only be confirmed after the engagement with the minister.
ALSO READ:
