CEO Warren Wheatley has outlined the Altvest Capital-led consortium’s ‘broad-based ownership’ vision for becoming an equity partner with SA Rugby.
Wheatley is involved with one of three separate groups, the others reportedly led by Marco Massoti and Johann Rupert, that have proposed competing bids to rival Ackerley Sports Group (ASG) as SARU’s equity partner.
Speaking in a wide-ranging interview with Rugby365, Wheatley explained the consortium’s approach. Altvest, a JSE-listed company, leads the group alongside strategic partners 27four, EasyEquities and RainFin.
The aim, Wheatley explains, is to ensure greater accessibility and inclusivity in the ownership of South African rugby.
While committed to broad-based ownership, Wheatley stressed collaboration: “We are open to the Groot Schalks, Mr Ruperts [Remgro] and Mr [Stephen] Saads [Sharks/MVM]. Ours is not a ‘winner takes all’ scenario.
“We just want a portion of a deal to be set aside for the fans, players, staff, and ordinary South Africans who love the brand and the team.”
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