Lions 'not going under'

2011-12-08 10:42
Rob Houwing, Sport24 chief writer

Cape Town - Reports of the Golden Lions’ imminent financial collapse are greatly exaggerated, according to the Highveld rugby franchise itself.

The Lions responded on Thursday to rumours on the rugby grapevine a day earlier that bankruptcy loomed for the defending Absa Currie Cup champions at the end of the year.

Former Sport24 publisher/editor Tank Lanning wrote on his website that he had received a text from an unnamed source saying: “All Lions players told only money for salaries until end December. All looking for jobs.”

But the Lions responded via their official Twitter account @LionsRugbyUnion: “We are not bankrupt. We are not going down. The players are being paid. We are playing in the 2012 SR (Super Rugby) comp. All malicious rumours.”

In an earlier tweet, the Lions said: “There is no official comment and nor will there be to malicious rumours.”

Funding issues have raged in the vicinity of Ellis Park since the souring in the middle of the 2011 season of a R16 million investment into the union from billionaire Robert Gumede and partner Ivor Ichikowitz; they pulled out and claimed Lions bosses were “stuck in the past” and effectively operated the franchise like amateurs.


What To Read Next


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Did Stormers and Springboks lock Pieter-Steph du Toit deserve to be named SA Rugby Player of the Year?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.