💨 Abstract

South Africa's richest man, Johann Rupert, is pursuing a 20% equity deal in SA Rugby's commercial rights. His proposal is reportedly stronger than that of American-based firm Ackerley Sports Group (ASG), who currently hold sole negotiation rights. Rupert, worth R261.142 billion according to Forbes, has investments in various South African rugby teams, making his takeover more seamless.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖