Controversy Erupts Over Proposed Sale Of Springboks Commercial Rights
By Priscilla JepchumbaThe decision to sell 20% of the Springboks' commercial rights to Ackerley Sports Group (ASG) has stirred up controversy in South Africa. The proposed deal, which is worth R1.3 billion,
Springboks up for sale to private equity group, SA Rugby to hand over commercial rights
Deal would reportedly give Ackerley Sports Group 20 per cent stake in new commercial company and complete control of board.
Springboks: SA Rugby rubbish bonuses claim in detailed Q&A over $75m private equity deal
SA Rugby have moved to rubbish reports, leaks and speculation around the private equity deal with Ackerley Sports Group (ASG). The union launched exploratory discussions back in 2018 with several private equity firms and after years of talks and delays,
SA Rugby Postpones Vote on Springboks Private Equity Deal
SA Rugby, which oversees the reigning world champion Springboks team, said it postponed a vote by its members unions on the sale of a 20% stake in a newly created commercial rights company to Seattle-based Ackerley Sports Group LLC.
Boks' R1.3b private equity deal on the rocks after opposition from SA's top rugby unions
The R1.3-billion private equity deal between SA Rugby (SARU) and Seattle-based Ackerley Sports Group (ASG) appears to be on the verge of collapse due to reported dissent from leading rugby unions.
Springboks: Government intervention delays SA Rugby’s crucial meeting over $75m private equity deal
SA Rugby have announced the postponement of the Special General Meeting (SGM) to consider a proposal to conclude a private equity investment. This comes after a request from the South African government,
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SA Rugby's Equity Deal Put on Hold Amid Concerns
South African Rugby has delayed a crucial meeting initially planned for discussing a private equity deal with the Ackerley ...
Springbok Rights May Be Sold to Ackerley, Business Day Says
Ackerley Sports Group will get control of the commercial rights to the Springboks rugby brand if a proposed deal goes ahead this week, Business Day said, citing a copy of a business plan it had seen.
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Saru out to correct ‘misinformation and posturing’ on equity deal
We believe our organisation has a long-standing track record for good governance,' says president Mark Alexander.
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SA Rugby postpones equity deal meeting at government request
SA Rugby has agreed to postpone its special general council meeting over a proposed equity deal with US-based Ackerley Sports ...
SA Rugby's private equity vote on hold at request of sports minister
South African Rugby has postponed a Special General Meeting that was to be held on Thursday for unions to vote on a private equity deal with United States-based Ackerley Sports Group (ASG), officials ...
Springbok equity deal put on ice as MPs demand debate on matter
Saru which manages the national Springboks team, planned to sell a 20% stake in a newly created commercial-rights company for ...
Springbok Rugby Deal Halted by Richest S. Africans, Minister
Rugby unions linked to South Africa’s richest men and the nation’s sports minister have set back a controversial private ...