Sa Rugby Postpones Equity Deal Meeting At Government Request

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sa rugby postpones equity deal meeting at government request

SA Rugby has agreed to postpone its special general council meeting over a proposed equity deal with US-based Ackerley Sports Group ASG.

The special general meeting was scheduled to take place in Cape Town on Thursday, where SARU and its 14 provincial unions were to determine whether ASG would be allowed to acquire a 20 percent stake in SA Rugby's commercial arm for an outlay of R1.3 billion 75 million.

READ SA Rugby's controversial equity deal rocked Uncertainty hovers over Thursday's key vote

However, sports minister Gayton McKenzie wrote an open letter to SA Rugby president Mark Alexander in which he called for the postponement of the meeting.

On Wednesday afternoon, SA Rugby agreed to McKenzie's request.