What’s more, very bad Friday for the South African Rugby Union leadership.
The general meeting at SARU members has resolved to reject the proposal of accepting possible private equity investment in the commercial rights of the sport.
The 75 percent majority needed to ratify the business proposal was not attained.
Seven of the 13 member unions with voting rights against the proposal.
However, Ackerley Sports Group – as deemed preference bidder by the members in December of 2023 – has until the end of 2024 to resubmit its revised offer, should it wish to do so.
The input and perspectives from our members have added tremendous value to what we are doing, and we respect those perspectives and opinions, remarked Mark Alexander, president of SARU.
Our goal remains to secure a future that is sustainable and prosperous for the South African game, one that continues to grow and flourish on both national and international stages.
We shall remain committed to undertaking this process with much-needed transparency and inclusivity.
We appreciate our members for their engagement and feedback and look forward to revised proposals that speak to our collective vision and goals over the coming months.
More advice about the process to follow.
The same meeting elected Mary-Ann Musekiwa – a member of the Executive Council – as female representative of the meeting to the World Rugby General Council.
