SA Rugby’s touted equity partnership with Ackerley Sports Group is reportedly still in the fundraising phase despite this week’s allusions of a done deal.
In an official statement released on Wednesday, SA Rugby provided clarity on the state of negotiations with the American company. “ASG is one of the companies that are part of the consortium that’ll be revealed to the members once their final offer is tabled,” he told“They’ll be doing exactly what they’re doing for those entities. Private equity, in its essence, doesn’t use its own money, but they’ll source it from various funds. From there, they put it into a vehicle and, like any business venture, they will have deliverables.
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