SA Rugby gets R6.7 billion offer from unexpected equity partner [Video]

SA Rugby has reportedly gotten two lucrative bids rivalling the controversial Ackerley Sports Group (ASG) private equity deal.

Masotti is believed to be heading up one of two separate groups that have proposed competing bids to rival Ackerley Sports Group (ASG) as SA Rugby’s equity partner. 

The other newly interested potential equity partner that has put forward a pitch, is an Altvest consortium, led by Akshay Karan.

Masotti advocates for a coalition of local and international investors. “We can bring capital and new involvement to the table,” he told Sunday newspaper Rapport.

Highlighting the value of franchise shareholders like Johann Rupert and Patrice Motsepe, Masotti emphasised their contributions to the SA rugby ecosystem. “This is a golden opportunity for our sport,” he added.

The Masotti group’s proposal avoids commission fees, a contentious point in the ASG deal. “The agreement must be pure and transparent. Rugby is changing rapidly; we need expertise …