GAVIN RICH: Sharks’ US deal makes nonsense of WP’s concerns
The perception that MVM is paying Durban franchise almost what it would have paid Province is wrong
10 January 2021 - 18:19
SA’s rugby unions are not in the habit of sending each other Christmas presents but Sharks CEO Eduard Coetzee has made no secret of his view that Western Province has presented his organisation with a significant one.
It was because the elected officials who were running WP rugby at the time were so reluctant to surrender their control, and by all accounts so incompetent in the negotiation process, that US consortium MVM Holdings withdrew their offer of what amounted to about R112m to take over the professional arm...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now