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SA billionaires Rupert and Motsepe want majority stake in Blue Bulls rugby team

9 October 2019 5:02 PM
Tags:
Blue Bulls
Rugby Union
Patrice Motsepe
Johann Rupert
Blue Bulls Rugby Union

If the deal goes through, the billionaire businessmen will each own 37.45% of the Pretoria-based side.

Two of SA’s richest businessmen, Patrice Motsepe and Johann Rupert, are gunning for a controlling interest in the Blue Bulls rugby franchise.

The billionaires have reportedly made a joint offer to be majority shareholders in the Blue Bulls Company through their investment companies.

Rupert's investment firm Remgro already has a stake in the Blue Bulls and will team up with Motsepe's African Rainbow Company to each have a 37.45% share in the Pretoria-based side.

RELATED: Newlands Rugby Stadium to be demolished - reports

Rupert has told Business Day writer Alistair Anderson that he is confident that the deal was sealed.

When I spoke to Johann Rupert yesterday, he was very confident that the deal would go through.

Alistair Anderson, Writer - Business Day

Johann Rupert reckons there's more value there than in Western Province Rugby, unfortunately.

Alistair Anderson, Writer - Business Day

Rugby is becoming more of a globalised sport and there's more money to be made.

Alistair Anderson, Writer - Business Day

Johann Rupert seems to be having fun at the moment. I guess there's a bit of ego involved, to effectively have control over one of the big rugby teams.

Alistair Anderson, Writer - Business Day

Listen to the discussion on Afternoon Drive with John Maytham:

Thumbnail image: Blue Bull on Twitter




9 October 2019 5:02 PM
Tags:
Blue Bulls
Rugby Union
Patrice Motsepe
Johann Rupert
Blue Bulls Rugby Union

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