Saru rejects R1.3 billion private equity deal for commercial rights
The SA Rugby Union (Saru) on Friday confirmed it had rejected a proposal of a private equity deal worth R1.3 billion for South African rugby’s commercial rights. The proposal did not manage the 10 votes out of the 13 SA rugby unions needed to approve the move. Only seven member unions voted in favour of the proposal. Saru, however, did specify that Ackerley Sports Group (ASG) would still be the preferred bidder […]