Jilted former Western Province Rugby Football Union commercial partner Aerios is taking another stab at squeezing money out of the beleaguered union at a hearing in terms of section 417 on Thursday. After the High Court in Cape Town 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 CE Costas Constantinou says WPR owes his company more than R270m and is 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 R200m more to the claim have been made clear. A section 417 inquiry is usually held to determine if there was any misconduct in the original liquidation process. The process exists as a...
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