SA Rugby equity deal Q&A explainer
SA Rugby's private equity vote on hold at request of sports minister
South African Rugby has postponed a Special General Meeting that was to be held on Thursday for unions to vote on a private equity deal with United States-based Ackerley Sports Group (ASG), officials said.
Sports minister Gayton McKenzie asks SA Rugby to postpone ASG equity deal vote
The Minister of Sports, Arts and Culture Gayton McKenzie has sent an open letter to SA Rugby president Mark Alexander, asking him to postpone Thursday’s vote on the equity deal.
SA Rugby postpones vote on Springboks private equity deal
The postponement follows a request by Gayton Mckenzie, South Africa’s minister of sport, arts and culture, to 'more fully brief government on the proposal,' SA Rugby said in a statement.
Springboks: Government intervention delays SA Rugby’s crucial meeting over $75m private equity deal
SA Rugby have announced the postponement of the Special General Meeting (SGM) to consider a proposal to conclude a private equity investment. This comes after a request from the South African government,
SA Rugby face mounting opposition ahead of pivotal equity deal vote
South Africa’s rugby’s governing body is adamant it will continue with its Special General Meeting tomorrow to vote on an equity deal, despite push back from their members.
Springboks up for sale to private equity group, SA Rugby to hand over commercial rights
Deal would reportedly give Ackerley Sports Group 20 per cent stake in new commercial company and complete control of board.
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