NEWS ANALYSIS: Boks’ on-field exploits hide Saru’s cash crunch
SA Rugby Union says ‘substantial cash infusion’ will help it to recuperate its losses
21 October 2024 - 15:02
The on-field performances of the national rugby team, the Springboks, over the past eight years has masked the financial difficulties of the SA Rugby Union (Saru), with the union running against time to secure capital injection.
The need for capital injection and to build reserves for rainy days has resulted in Saru contemplating selling a 20% stake of its commercial rights, including that of the Springboks, to a US-based private equity entity Ackerley Sports Group (ASG)...
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