Rugby-SA Rugby defend equity partner search as cash reserves run dry

CAPE TOWN (Reuters) - South African Rugby need to find a private equity partner to help it rebuild cash reserves devastated by the COVID-19 pandemic that has left the game in the country vulnerable to collapse, chief executive Rian Oberholzer warned on Friday.

SA Rugby have been in talks with United States-based Ackerley Sports Group (ASG) over what local media have reported will be a $75-million cash injection, though any agreement must still be rubber-stamped by the country’s 14 unions.