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On Friday, the South African Rugby Union (SARU) decided to reject a proposal for a potential private equity investment regarding the commercial rights of the sport.
The proposal failed to secure the required 75 percent majority for approval, with seven out of the 13 member unions with voting rights opposing it.
However, the Ackerley Sports Group—selected as the preferred bidder by the members in December 2023—has obtained an exclusivity period that extends until the end of 2024 to potentially submit a revised offer.
“We sincerely value the insightful feedback and opinions expressed by our members, and we respect those viewpoints,” remarked Mr. Mark Alexander, President of SARU.
“Our ongoing aim is to ensure a sustainable and prosperous future for South African Rugby, facilitating our growth and success on both national and international stages.
“We are committed to progressing with transparency and inclusivity as we move forward in this process. We appreciate our members’ participation and feedback, and we look forward to presenting revised proposals that reflect our collective vision and goals in the future.”
Further details regarding the process will be provided as they become available.
In the same meeting, Mary-Ann Musekiwa—a member of the Executive Council—was elected as the female representative to the World Rugby General Council.
