SA Rugby has announced that Thursday’s meeting to vote on the proposed private equity deal with US-based Ackerley Sports Group has been postponed at government request.
This comes after minister of sport Gayton McKenzie penned an open letter formally requesting the postponement of the general council meeting.
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.
“We received the request from the minister this morning and we are happy to oblige, having shared the request with our member union presidents,” said SA Rugby president Mark Alexander.
“We had previously briefed him on his appointment, but we understand his request for further assurance considering the newsworthiness of this proposal.
“We look forward to providing any information the Minister may require.
“We believe that the proposed partnership, along with our identified partner, offers an opportunity for organic growth rather than simply serving as a cash injection. Importantly, it ensures that the Springboks will remain under the control and direction of SA Rugby, safeguarding the future of our organisation.”
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: Ashley Vlotman/Gallo Images
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