Jilted former Western Province Rugby Football Union (WPRFU) commercial partner Aerios, is taking another stab at squeezing money out of the beleaguered union at a section 417 hearing on Thursday. After the Western Cape High Court liquidated the commercial arm of the union‚ Western Province Rugby (WPR) in December 2016‚ Aerios was given the same rights as other creditors, much to its frustration. Aerios CEO Costas Constantinou believes his company is owed in excess of R270m by WPR, and has set about pursuing the money via a section 417 hearing. It is a staggering escalation since December, when the high court liquidation ruling stated: "It was apparent‚ however‚ that the company [WPR] faced a claim of about R70m by Aerios in respect of amounts allegedly due in terms of their contractual relationship." No reasons for adding another R200m on to the claim have been made clear in the public domain. A section 417 inquiry is a complicated process whereby witnesses are called and are compel...
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