Boland Rugby have formed a transformation equity partnership with Stellenbosch Academy of Sport (SAS), a subsidiary of Remgro Limited, and a consortium comprising companies controlled by the Motsepe family.
South African billionaires Patrice Motsepe and Johann Rupert, majority shareholders of the Pretoria-based sports company Blue Bulls Company, recently acquired a controlling interest in the Boland Rugby Union.
This partnership is poised to redefine the future of rugby in the Boland region at amateur and professional levels, a talent-rich area with over 2srcsrc registered amateur rugby clubs, making it one of the largest rugby unions in South Africa.
The new partnership will have the Motsepe consortium and SAS own 74% of the Boland rugby professional arm with the Boland Rugby Union retaining 26%. The new partners will have a collaborative arrangement to cultivate a shared commitment to providing substantial resources and expertise to support the Boland Rugby Union’s growth and development initiatives.
“The announcement symbolizes a powerful commitment to gra
…. to be continued
Read full article at the Original Source
Copyright for syndicated content belongs to the linked Source : Sundayworld.co.za – https://sundayworld.co.za/news/sports/motsepe-forms-transformation-partnership-with-boland-rugby/?utm_source=rss&utm_medium=rss&utm_campaign=motsepe-forms-transformation-partnership-with-boland-rugby
