Saru’s search for an equity partner will continue but it is counting the cost of the failed Ackerley deal.
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The South African Rugby Union (SARU) is facing a substantial financial setback following the collapse of a private equity deal last month, Cape {town} Etc reports. The proposed partnership with Ackerley Sports Group, which sought to secure a R1.4 billion investment for a 20% stake in SA Rugby’s commercial rights, ultimately fell apart after failing to meet the crucial 75%...
Saru’s search for an equity partner will continue but it is counting the cost of the failed Ackerley deal.
There has been another twist in the ongoing saga related to SA Rugby's dealings in pursuit of a lucrative equity partner.
There has been another twist in the ongoing saga related to SA Rugby's dealings in pursuit of a lucrative equity partner.
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