SA Rugby sold a 74% shareholding in SA Super Rugby Ltd, Southern Kings’ holding company, to a company called The Greatest Rugby Company in the Whole Wide World Ltd . The Eastern Province Rugby Union has acquired the balance of 26 percent of the shares.
“This is a very significant and important development for the Southern Kings. We look forward to GRC and the local community giving the Southern Kings the ammunition to grow into the rugby force we know they can be.” Mr Dotwana, head of the consortium, said: “We have followed a rigorous process to take control of the franchise, but we have been single-minded throughout - that bringing ownership of the Isuzu Southern Kings into local hands will be good for the team and good for the region.
Andre Rademan, President of the EPRU, said that the fact that the EPRU was a shareholder would ensure continuity for rugby in the region.
I so wish Pa TandoManana could simplify this for us. I see SA Rugby has been milking EPRU for a very long time.
Loving this new holding company already, I don't know why.😂