International
SA Rugby Private Equity Status Update
What is the state of play? SA Rugby has been approached by private equity companies who wish to acquire a shareholding in the sport’s commercial activities.
Why would you do such a deal? A private equity partnership offers not just an immediate financial boost but also crucially provides the expertise, networks, and resources necessary to enhance the commercial value of South African rugby. This collaboration can position SA Rugby, the Springboks and, eventually, other teams for greater global prominence.
Who are you talking to? The preferred bidder is Ackerley Sports Group (ASG), an American company that is an expansion of an investment company established in 2002 by brothers Ted and Christopher Ackerley. Ackerley Partners have owned all or a part of several professional sports franchises in American basketball, ice hockey, soccer, and rugby, and recently partnered with 49ers Enterprises to assume majority control of the Leeds United Football Club.
Why did you choose ASG? They were unanimously chosen by the members of SA Rugby – including the franchise owning unions – at a General Meeting of SA Rugby on 7 December 2023 after ASG, and another bidder, CVC, made presentations to the meeting. ASG’s offer primarily focuses on immediate financial gain and guaranteed income, with lower thresholds for contingency payments, presenting a straightforward proposal for a commercial partnership, which we believe could offer comprehensive advantages to our organization. The ultimate decision will hinge on balancing the immediate financial requirements with the long-term strategic objectives of our rugby organisation.
Is it a done deal? No, our team was mandated to pursue further discussion. The members of SA Rugby have agreed on the primary conditions, however, substantial effort is ongoing behind the scenes to finalise the specifics. Since the finer points are critical, no final approval will be granted until our members have been thoroughly briefed and a mandate secured. This process can only be agreed upon once our 14 members have approved it.
Who has sign off? Only one body – the member unions of SA Rugby, the sport’s shareholders. It cannot happen without their approval.
When will they see the details? Once a proposed final structure for the new company and its relationship with the existing SA Rugby structure has been finalised a series of workshops and information sessions will be undertaken to allow member unions to fully interrogate the deal. That structure is still a work in progress.
Are you selling the Springboks? No. The Springboks and all national teams will retain their existing management and ownership models. As national institutions, the Springboks and SA Rugby are not transferable to private equity. This strategy is about harnessing our commercial rights in partnership with an organisation, creating a separate entity dedicated to elevating our commercial profile.
So how will the Springboks be paid? The new commercial entity will remit an annual fee to cover all current operations of SA Rugby – from paying the Boks to providing funding to the unions.
What are the next steps: Once a proposed post-deal structure is nearing finalisation it will be workshopped with member unions. Until such time as that position has been reached it would be counter-productive to speculate on.
Is there a deadline for approval: While not definitive, it is anticipated that a conclusive proposal will be presented to the members at the Annual General Meeting scheduled for 30 May 2024, for their approval or rejection.
Content & Images from – South Africa Rugby
Munster Rugby and the IRFU are pleased to confirm contract extensions for Conor Murray and Jack Daly with Brian Gleeson to be promoted from the Academy to the senior squad next season.
Murray and Daly have signed one-year extensions with Gleeson moving up to the senior squad on a two-year deal.
Gleeson is one of five Academy players moving up to the senior squad next year with Tony Butler, Ethan Coughlan, Mark Donnelly and Edwin Edogbo also signing two-year deals.
Conor Murray is one of the most decorated scrum-halfs in world rugby with 116 Ireland caps and three British & Irish Lions tours to his name.
A former St Munchin’s College student, the Garryowen man won his fifth 6 Nations title with Ireland last month and earned his second league title with Munster last season.
The 34-year-old has made 185 Munster appearances and scored 34 tries for the province to date and was named on World Rugby’s Team of the Decade in 2019.
25-year-old flanker Jack Daly came up through the ranks at Castleisland RFC and made his Munster debut against Zebre in 2020.
Daly joined the Academy in 2018, moved up to the senior squad in 2021 and plays his AIL rugby with Garryowen. A former Ireland U20 international, he made his Champions Cup debut against Toulouse in the quarter-final at the Aviva Stadium in 2022.
Try-scoring number 8 Brian Gleeson leads the charge for the Ireland Under-20s against France ©INPHO/Evan Treacy
20-year-old Gleeson moves up to the senior squad after just one year in the Academy that has seen him score one try in nine senior appearances.
Currently out of action with an ankle injury, he had already made three Champions Cup appearances before turning 20.
The powerful back-row forward was a Grand Slam winner with the Ireland U20s last year. plays his AIL rugby with Garryowen and came up through the ranks at Thurles RFC and Rockwell College.
Images & Content from Irish Rugby & Images © Inpho Photography
Head Coach Andy Farrell has named his Ireland Match Day Squad for Saturday’s Guinness Men’s Six Nations clash against Scotland at Aviva Stadium (Kick-off 4.45pm).
Ireland – currently sitting top of the Six Nations table heading into Super Saturday – can clinch back-to-back Championship titles with victory over Scotland in Dublin.
Farrell has named an unchanged starting XV for the Round 5 clash, as Hugo Keenan, Calvin Nash and James Lowe continue in the Ireland back three. Robbie Henshaw and Bundee Aki are once again selected in midfield, with Jack Crowley and Jamison Gibson-Park the starting half-backs.
Andrew Porter, Dan Sheehan and Tadhg Furlong pack down in the front row, with Joe McCarthy partnering Tadhg Beirne – who is set to win his 50th Test cap for Ireland – in the engine room.
Captain Peter O’Mahony is at blindside flanker, Josh van der Flier is at openside and Caelan Doris completes the starting XV at number eight.
The Ireland Coaching Team have opted for a 5-3 split on the bench, with Rónan Kelleher, Cian Healy, Finlay Bealham, Ryan Baird and Jack Conan providing the reinforcements up front, and Conor Murray, Harry Byrne and the fit-again Garry Ringrose the backline options.
Saturday’s match is live on Virgin Media One and ITV, with live radio coverage available on RTE Radio 1.
Ireland Team & Replacements (v Scotland, Guinness Men’s Six Nations, Saturday, March 16, 4.45pm)
15. Hugo Keenan (UCD/Leinster)(39)
14. Calvin Nash (Young Munster/Munster)(5)
13. Robbie Henshaw (Buccaneers/Leinster)(71)
12. Bundee Aki (Galwegians/Connacht)(55)
11. James Lowe (Leinster)(30)
10. Jack Crowley (Cork Constitution/Munster)(13)
9. Jamison Gibson-Park (Leinster)(34)
1. Andrew Porter (UCD/Leinster)(63)
2. Dan Sheehan (Lansdowne/Leinster)(25)
3. Tadhg Furlong (Clontarf/Leinster)(75)
4. Joe McCarthy (Dublin University/Leinster)(9)
5. Tadhg Beirne (Lansdowne/Munster)(49)
6. Peter O’Mahony (Cork Constitution/Munster)(captain)(104)
7. Josh van der Flier (UCD/Leinster)(61)
8. Caelan Doris (St Mary’s College/Leinster)(40)
Replacements:
16. Rónan Kelleher (Lansdowne/Leinster)(30)
17. Cian Healy (Clontarf/Leinster)(128)
18. Finlay Bealham (Buccaneers/Connacht)(39)
19. Ryan Baird (Dublin University/Leinster)(19)
20. Jack Conan (Old Belvedere/Leinster)(45)
21. Conor Murray (Garryowen/Munster)(115)
22. Harry Byrne (UCD/Leinster)(3)
23. Garry Ringrose (UCD/Leinster)(57).
Images & Content from Irish Rugby & Images © Inpho Photography
Head Coach Andy Farrell has named his Ireland Match Day Squad for Saturday’s Guinness Men’s Six Nations clash against England at Twickenham (Kick-off 4.45pm).
Peter O’Mahony captains Ireland for the Round 4 visit to London, with Hugo Keenan returning to the starting XV after recovering from injury.
Keenan joins Calvin Nash and James Lowe in the Ireland back three, with Bundee Aki and Robbie Henshaw continuing their midfield partnership.
Jack Crowley and Jamison Gibson-Park are retained as the half-back pairing.
In the pack, Andrew Porter, Dan Sheehan and Tadhg Furlong are in the front row, with Joe McCarthy and Tadhg Beirne named in the engine room. Captain O’Mahony is at blindside flanker, Josh van der Flier is at openside and Caelan Doris completes the starting XV at number eight.
The Ireland Coaching Team have selected a 6-2 split on the bench, as Ronan Kelleher, Cian Healy, Finlay Bealham, Iain Henderson, Ryan Baird and Jack Conan provide the reinforcements in the pack.
Backs Conor Murray and Ciaran Frawley complete Ireland’s Match Day 23 to face England.
Saturday’s match is live on RTÉ2 and ITV.
Ireland:
15. Hugo Keenan (UCD/Leinster)(38)
14. Calvin Nash (Young Munster/Munster)(4)
13. Robbie Henshaw (Buccaneers/Leinster)(70)
12. Bundee Aki (Galwegians/Connacht)(54)
11. James Lowe (Leinster)(29)
10. Jack Crowley (Cork Constitution/Munster)(12)
9. Jamison Gibson-Park (Leinster)(33)
1. Andrew Porter (UCD/Leinster)(62)
2. Dan Sheehan (Lansdowne/Leinster)(24)
3. Tadhg Furlong (Clontarf/Leinster)(74)
4. Joe McCarthy (Dublin University/Leinster)(8)
5. Tadhg Beirne (Lansdowne/Munster)(48)
6. Peter O’Mahony (Cork Constitution/Munster)(captain)(103)
7. Josh van der Flier (UCD/Leinster)(60)
8. Caelan Doris (St Mary’s College/Leinster)(39)
Replacements:
16. Ronan Kelleher (Lansdowne/Leinster)(29)
17. Cian Healy (Clontarf/Leinster)(127)
18. Finlay Bealham (Buccaneers/Connacht)(38)
19. Iain Henderson (Academy/Ulster)(80)
20. Ryan Baird (Dublin University/Leinster)(18)
21. Jack Conan (Old Belvedere/Leinster)(44)
22. Conor Murray (Garryowen/Munster)(114)
23. Ciaran Frawley (UCD/Leinster)(3)
Images & Content from Irish Rugby & Images © Inpho Photography
Munster Rugby Announce Contract Deals For Murray, Daly & Gleeson
Squad Update | Munster Prepare For Cardiff At Thomond
