💨 Abstract

South African rugby is seeking external financial advice to evaluate its finances and potential private equity investments, following a rejection of a previous bid last year. The rugby body aims to sell a stake in the Springboks to secure its financial future, citing high costs, a weak currency, and loss of revenue due to matches played outside the country. The move comes as the organization grapples with financial challenges and aims to increase its commercial income to compete with rivals like New Zealand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖