New R6.7bn bid for Boks’ commercial rights emerges
Consortium bids to buy stake in the commercial rights of the SA Rugby Union and the Springboks
06 December 2024 - 05:00
UPDATED 06 December 2024 - 12:55
A consortium made up of AltVest Capital, EasyEquities, 27four Investment Managers and RainFin has launched an audacious bid to buy a stake in the commercial rights of the SA Rugby Union (Saru), which includes its crown jewels, the Springboks.
The bid comes as member unions are set to vote on Friday on a proposal from US-private equity firm Ackerley Sports Group (ASG) to buy a 20% stake in Saru’s commercial rights...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.