SA Rugby have addressed concerns over a proposed private equity investment during a meeting of the Presidents’ Council in Cape Town on Wednesday.
This comes after SA Rugby opted to postpone Thursday’s meeting to vote on the proposed private equity deal with US-based Ackerley Sports Group on government request.
The meeting was scheduled to take place in Cape Town on Thursday but will now be rescheduled after McKenzie’s request to more fully brief government on the proposal.
Following Wednesday’s meeting of the president’s council, a task team was mandated to provide more information on key issues for additional clarification to members.
“We remain committed to transparency and accountability, and it is important to correct the misinformation and posturing that has surfaced in the media,” SA Rugby president Mark Alexander said.
“We believe our organisation has a long-standing track record for good governance and responsible management, as well as nation-building representative teams.
“Throughout this process, we have diligently adhered to all protocols and followed due process. Our actions have consistently been guided by the principles of integrity and fairness.
“We would urge all stakeholders and the public to rely on verified, accurate information and to support our ongoing efforts to uphold the high standards of South African rugby in delivering a sustainable future for the sport.
“Our commitment to the growth and success of the sport in our country remains unwavering.”
A new date for the SGM before year-end will only be confirmed after SA Rugby engages with the minister.
MORE: SA Rugby fires back at equity concerns
SA Rugby had originally held their ground, with chief executive Rian Oberholzer reiterating the governing body’s commitment to the process in motion, in response to concerns raised by seven of the 14 unions.
Photo: Samuel Shivambu/BackpagePix
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Src: sarugbymag.co.za
