Western Province Rugby is a step closer to finding an equity partner, after SA Rugby announced that it had received an offer.
The Cape union has been under administration since October 2021, when SA Rugby took control of its affairs.
SA Rugby released a statement on 9 June that read: “A consultation process has begun with a potential equity partner to invest in WP Professional Rugby (Pty) Ltd, the commercial arm of the Western Province Rugby Football Union (WPRFU), which remains under administrative control of the South African Rugby Union (SARU). A formal offer from a preferred bidder has been received by the board of WP Professional Rugby (Pty) Ltd and has been presented to the finance committee of SARU. That committee, in the first instance, will make a recommendation to the Executive Council (Exco) of SARU, once it has completed consultations with the bidder. Once Exco has reviewed the offer, it will be presented to the General Council of WPRFU, which body has the final verdict on any such agreement.”
HAVE YOU ALSO READ?: SA Rugby appoints new WPRFU administrator
Experienced sport and government executive Max Fuzani was last month appointed the new administrator of WP Rugby.
He replaced Rian Oberholzer, who held the position from October 2021. Oberholzer will shift his focus to SA Rugby, where he was appointed Interim CEO in March.
