SA’s 2023 Rugby World Cup bid gets go-ahead — with caveat
The Cabinet will be asked to underwrite a tournament hosting fee of almost R3bn, so SA can buy the rights to host the event
The Cabinet has had given its go-ahead for SA to bid for the 2023 Rugby World Cup‚ Communications Minister Ayanda Dlodlo announced on Thursday at a media briefing in a post cabinet media briefing. The Cabinet will be asked to underwrite a R2.8bn tournament hosting fee so SA can buy the rights to host the event should its bid succeed. It will also be asked to underwrite the operational and capital budget. The government will also be asked to underwrite the operational and capital expenditure for hosting the event‚ which has been estimated at £415m pounds‚ which. The South African Rugby Union (Saru) hopes the expenditure will be recovered from sponsorships‚ broadcasting‚ ticketing and merchandising. SA will be bidding against France and Ireland and will be arguing argue that it can offer an event at a third of the price of its rivals. An interministerial committee has been established to drive SA’s bid and to ensure that the country benefitsed economically from the event. Dlodlo said ...
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