Northern Edition

Select Edition

Northern Northern
Southern Southern
Global Global
New Zealand New Zealand
France France

South Africa reach a decision after vote over US investment

South Africa huddle pre-match during the Qatar Airways Cup match between South Africa and Wales at Twickenham Stadium on June 22, 2024 in London, England. (Photo by Andrew Kearns - CameraSport via Getty Images)

The South African Rugby Union (SARU) has rejected a proposal from the Ackerley Sports Group over investment in the sport’s commercial rights.

ADVERTISEMENT

In a statement released earlier this year, SARU outlined the potential investment from the Seattle-based firm, saying: “A private equity partnership offers not just an immediate financial boost but also crucially provides the expertise, networks, and resources necessary to enhance the commercial value of South African rugby. This collaboration can position SA Rugby, the Springboks and, eventually, other teams for greater global prominence.”

The statement also emphasised that the Springboks were not being sold, stating: “The Springboks and all national teams will retain their existing management and ownership models.”

Video Spacer

Joseph-Aukuso Suaalii: A star is born | RPTV

Video Player is loading.
Current Time 0:00
Duration 0:50
Loaded: 0%
Stream Type LIVE
Remaining Time 0:50
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
    • en (Main), selected
    Video Spacer

    Joseph-Aukuso Suaalii: A star is born | RPTV

    Sam Warburton names his stand out of the Autumn Nations Series, as young Wallaby Joseph-Aukuso Suaalii stepped up. Watch more clips like this on RugbyPass TV.

    Watch now

    In a vote on Friday, seven of the 13 member unions vetoed the proposal, which fell below the 75 per cent majority that is required for approval.

    The Ackerley Sports Group does have until the end of the month to provide a revised offer.

    Fixture
    Investec Champions Cup
    Stormers
    14 - 24
    Full-time
    Toulon
    All Stats and Data

    “The input and perspectives shared by our members have been invaluable, and we respect those perspectives,” said SARU president Mark Alexander.

    “Our goal remains to secure a sustainable and prosperous future for South African Rugby, ensuring that we continue to grow and succeed on both the national and international stages.

    “We remain committed to working transparently and inclusively as we navigate this process. We thank our members for their engagement and feedback and look forward to presenting revised proposals that reflect our collective vision and goals in due course.”

    ADVERTISEMENT

    In South Africa’s statement last year, the Ackerley Sports Group was described as “an American company that is an expansion of an investment company established in 2002 by brothers Ted and Christopher Ackerley. Ackerley Partners have owned all or a part of several professional sports franchises in American basketball, ice hockey, soccer, and rugby, and recently partnered with 49ers Enterprises to assume majority control of the Leeds United Football Club.”

    Related

    Top 100

    Rugby’s best of the best, ranked by experts. Check out our list of the Top 100 Men's Rugby Players and let us know what you think! 



    ADVERTISEMENT

    HSBC SVNS Singapore 2025 | Day Two Men's Highlights

    HSBC SVNS Singapore 2025 | Day Two Women's Highlights

    Jet Lag: The biggest challenge facing international sports? | The Report

    Boks Office | Episode 39 | The Investec Champions Cup is back

    Rugby’s Greatest Rivalry? | New Zealand & Australia | Sevens Wonders | Episode 5

    Kobelco Kobe Steelers vs Toshiba Brave Lupus Tokyo | Japan Rugby League One 2024/25 | Full Match Replay

    The Rise of Kenya | The Report

    The Fixture: How This Rugby Rivalry Has Lasted 59 Years

    Trending on RugbyPass

    Comments

    0 Comments
    Be the first to comment...

    Join free and tell us what you really think!

    Sign up for free
    ADVERTISEMENT

    Latest Features

    Comments on RugbyPass

    T
    Timothy Hoffman 5 hours ago
    ‘We don’t fear them’: Blitzboks ready for must-win clash with SVNS leaders

     I started getting into Bitcoin in late 2020 when the price was nearly at 30,000 USD, back at the time I was just following the footsteps of my friend, she saw it as a good long-term plan and I was on board with it so we started buying bit by bit at the end of every Month. Now fast forward to January 2023 when she came up with the great idea to go into crypto trading, this was supposed to be our game changer, we already accumulated a nice amount of Bitcoin since we started holding so once we invested with that we would make more than enough profits to last us and we won’t have to work anymore, amazing plan until it all went wrong, we invested with the wrong broker company that made away with all of our investments.. the agent blocked us Instagram and disappeared leaving us in the dark but all thanks to Infinite Digital Recovery, getting in contact with Infinite Digital Recovery made it possible that we recovered back our money today, it took him less than 48hours to trace the transactions and accessed the company website database to recover our already hanging funds in our account, it was then we found out they continued trading with our Money and kept generating more profits, very fraudulent act and we made sure to take every penny of ours thanks to Infinite Digital Recovery, You can also reach out to Infinite Digital Recovery for help for anyone in a similar situation, the contact details are below :

    W\APP : +19085848908

    EMAIL  : infinitedigitalrecovery@proton.me

    Website :https://infinitedigital.online

    0 Go to comments
    T
    Timothy Hoffman 5 hours ago
    ‘We don’t fear them’: Blitzboks ready for must-win clash with SVNS leaders

     I started getting into Bitcoin in late 2020 when the price was nearly at 30,000 USD, back at the time I was just following the footsteps of my friend, she saw it as a good long-term plan and I was on board with it so we started buying bit by bit at the end of every Month. Now fast forward to January 2023 when she came up with the great idea to go into crypto trading, this was supposed to be our game changer, we already accumulated a nice amount of Bitcoin since we started holding so once we invested with that we would make more than enough profits to last us and we won’t have to work anymore, amazing plan until it all went wrong, we invested with the wrong broker company that made away with all of our investments.. the agent blocked us Instagram and disappeared leaving us in the dark but all thanks to Infinite Digital Recovery, getting in contact with Infinite Digital Recovery made it possible that we recovered back our money today, it took him less than 48hours to trace the transactions and accessed the company website database to recover our already hanging funds in our account, it was then we found out they continued trading with our Money and kept generating more profits, very fraudulent act and we made sure to take every penny of ours thanks to Infinite Digital Recovery, You can also reach out to Infinite Digital Recovery for help for anyone in a similar situation, the contact details are below :

    W\APP : +19085848908

    EMAIL  : infinitedigitalrecovery@proton.me

    Website :https://infinitedigital.online

    0 Go to comments
    TRENDING
    TRENDING Leinster lose James Ryan but another Ireland star back in mix Leinster lose James Ryan but another Ireland star returns
    Search