On Friday, the South African Rugby Union (SARU) opted to reject a proposal for a potential private equity investment related to the sport’s commercial rights.

The proposal failed to garner the required 75 percent majority for approval, with seven of the 13 voting member unions expressing opposition.

However, Ackerley Sports Group—selected as the preferred bidder by members in December 2023—has been granted an exclusivity period until the conclusion of 2024 to present a revised offer if they wish.

“We highly value the important feedback and opinions shared by our members, and we respect those views,” said Mr. Mark Alexander, President of SARU.

“Our ongoing goal is to ensure a sustainable and prosperous future for South African Rugby, fostering our growth and success both nationally and internationally.

“We are committed to carrying out our efforts with openness and inclusiveness as we progress through this process. We appreciate our members’ engagement and feedback, and we look forward to presenting updated proposals that reflect our shared vision and goals in the future.”

Further details regarding the process will be provided as they become available.

In the same meeting, Mary-Ann Musekiwa—a member of the Executive Council—was chosen as the female representative to the World Rugby General Council.