News24

Ex-backers take Lions to court

2012-01-24 14:38

Sport24 staff

Cape Town - The Guma TAC group say they have initiated legal proceedings to recover their loan following the souring of their relationship with the embattled Golden Lions Rugby Union.

In a media statement on Tuesday, they said they were “disappointed that our dream of transformation in the Golden Lions could not be realised”, adding that “the executive management and the Lions’ new investor, businessman and Lions deputy president Altmann Allers, have left us with no alternative”.

Guma TAC claim they “provided the Lions with millions of rands to pay the salaries of the Lions players and staff for both December 2010 and January 2011”.

They also said in the statement that had the Lions failed to pay the players’ salaries over that period, it would have led to the breach of player contracts which would have led to an exodus of key players.

“Furthermore, the loans enabled the Lions to sign top international players like Butch James and Lionel Mapoe and to pay the 24 amateur feeder GLRU clubs their GLRU grants.”

Guma TAC say they also funded secure accommodation and transport for Currie Cup 2011-winning coach John Mitchell “following the unfortunate house-breaking and stabbing attack on him at his apartment”.

They added: “As you are aware, Guma TAC on its own, within the GLRU, managed to sign up both MTN and Discovery (over R60m, three-year) sponsorships.

“When SARU finally approved our transaction, Lions president Kevin de Klerk and his executive, which included (Allers) frustrated the finalisation of the transaction by refusing to confirm SARU’s approval.

“We nonetheless ... afforded the Lions an opportunity to repay our loans and to facilitate an amicable and negotiated exit once they got a replacement equity investor.

“We were dismayed when the Lions’ executive management and the new financier Allers not only refused to pay us but now deny that they owe us anything.”

Guma TAC said it “hurt” them to have to turn to the courts to recover money that was “loaned in good faith at a time the Lions’ bankers refused to extend further credit facilities and the Lions’ president (De Klerk) turned to us in desperation to advance funds to pay, amongst other commitments, the players and staff”.

“We have a deep affection for the team, its players, the staff and fans.”

Sport24

Comments
  • John - 2012-01-24 14:56

    “We have a deep affection for the team, its players, the staff and fans.” ...what a load of bullocks, leave our union alone. If the partnership materialised i would shudder to think what you and your little jew friend would have turned it into.

  • Louis - 2012-01-24 15:05

    Thank goodness the dream of transformation failed, now the team on merit won the currie cup

      Thopa - 2012-01-24 16:01

      With funding from?????????

  • Gary - 2012-01-24 15:07

    The only thing you have affection for is the ANC and to have a 15 man black rugby side. You had no intension other than that. I hope you get nothing...We all thought you were going to help the GLRU but it was all a lie.You and your big smiles on the TV just to get your big mug in the news. Hidden agendas as usual, maybe somewhere down the line there will be a Bee partner that actually cares about the game.

  • Nico - 2012-01-24 15:11

    still kicking themselves after the Lions turned into a championship team without them :)

  • Koos - 2012-01-24 15:13

    "“We have a deep affection for the team, its players, the staff and fans.” mmmm and thats why we have turned our back on them....... TRAITORS..... BACK STABBERS!!!!!! COWARDS!!!!!!

  • Scatmanza - 2012-01-24 15:18

    Looks like the Lions are going to have to sell the Currie Cup they bought to pay their bills. LOL

  • Bigrp - 2012-01-24 15:18

    What they will also not say is that the signing of Francois Steyn fell through after they flew to France to meet with him, without the knowledge of the Union...

      Deon - 2012-01-24 16:08

      what they will also not say is how - when the lions were negotiating the possible move to the new soccer city stadium; they went behind the lions backs to try muscle in and see if 'they' - Guma tc -could seal the deal by themselves without the knowledge or consent of the lions exec, thus if they were successful they would have used that sponsorship as 'their' agreed payment to the lions, thus not using any of their own monies..........

  • Bennie - 2012-01-24 16:28

    Roer hulle Oom Kevin...roer hulle!!!

  • Huey - 2012-01-24 16:50

    Hope these money boys don't mess with John Mitchell, he is a super dude that I wish we had with the Sharks

  • pages:
  • 1