A private equity deal between South Africa National Rugby Union (SARU) and Seattle-based sports group-Ackerley Sports (ASG) is reportedly on the verge of collapse after opposition from SA's top rugby unions.

A $75-million deal for a 20% stake in SARU's commercial rights company was scheduled for a vote on Thursday, October 17 but has since been postponed- this after seven out of SARU's 14 member unions had signed the letter opposing the ASG deal and requested that an alternative proposal be submitted within three months.

Channel Africa's Mabu Boloka spoke to SABC News' Sports Producer,  Thando Mxoli about  developments concerning the proposed deal.

A private equity deal between South Africa National Rugby Union (SARU) and Seattle-based sports group-Ackerley Sports (ASG) is reportedly on the verge of collapse after opposition from SA's top rugby unions.
A $75-million deal for a 20% stake in SARU's commercial rights company was scheduled for a vote on Thursday, October 17 but has since been postponed- this after seven out of SARU's 14 member unions had signed the letter opposing the ASG deal and requested that an alternative proposal be submitted within three months.
Channel Africa's Mabu Boloka spoke to SABC News' Sports Producer,  Thando Mxoli about  developments concerning the proposed deal.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.