News24

New three-year deal for Lions

2012-02-09 16:22

Johannesburg - Golden Lions Rugby Union (GLRU) president Kevin de Klerk says the signing of a multi-million rand sponsor will assist with legacy issues at the union.

The GLRU, reportedly in deep financial crisis, signed a three-year deal with Redefine Properties on Thursday.

"It will fall into the budget and we are projecting to have all these legacy issues sorted out in the very near future," De Klerk said.

"We project to be cash flush in months - we are not saying that we are not [cash flush] - but this has gone a long way in alleviating the situation at the Lions."

Former GLRU potential equity partners the Guma Tac Group said in January the union was "hopelessly insolvent, both factually and commercially".

Guma Tac took steps to liquidate the GLRU, filing papers at the South Gauteng High Court to regain multi-million rand loans.

Jointly owned by Robert Gumede and Ivor Ichikowitz, Guma Tac cut ties with the GLRU in June 2011, shortly before it was to have purchased a 49.9% stake in the union.

The Leopards and the Pumas, franchise partners, were also reportedly owed millions of rands by the union.

"Altman Allers coming in as equity partner has helped that tremendously," De Klerk said.

"The legacy issues we've had are tied up between the Leopards and the Pumas going back a number of years."

De Klerk assured Redefine Properties, the new co-sponsor of the Lions franchise team, the 2011 Currie Cup champions, it had bought into a reliable product.

"We at the Lions have been building our vision to become a winning culture, powerhouse of rugby and centre of excellence," De Klerk said.

"In the modern game, this cannot be without the gracious support of our sponsors.

"Redefine has nailed their colours to our cross and we are extremely grateful to have them on board.

"We would like them to be assured that they have bought into a highly committed people that have the vision and drive to collectively establish the Lions brand as a world leading brand again."

SAPA

Comments
  • Nico - 2012-02-09 16:28

    mmmm ... so now we have money .... hehehehe :) Guma Tac is crying themselves to sleep tonight!! hahahaha

      Lionel - 2012-02-09 16:36

      Hands off players in Cape Town.........lol

      Nico - 2012-02-09 16:42

      hahahaha Lionel, not my call to make :) but luckily for you John Mitchell prefer to use junior players from our own structures :) at least now it will be more difficult for province to smokkel our players!

      Lionel - 2012-02-09 16:57

      Hahahahaahahaha,good for you guys!!!!!!!!!!

      Vernon - 2012-02-10 09:55

      Money the Lions can waste again .... it is shameful that the team that represents the richest province in SA can go bankrupt ..... laughing stock of other provinces !!!

  • Paulus - 2012-02-09 16:38

    Good news for the lions, good news for rugby as a whole. We all want 5 competitive teams in our conference so we can show Aus and Nzl who is the boss!

  • Nick - 2012-02-09 16:40

    Well done to the GLRU! :) Hopefully now they can focus on rugby! :) The Lions are not my first-choice team - but as a South African who loves and knows his rugby - it's always good for SA rugby if/ when the Lions/ Transvaal are strong! :) That said - hak Vryyystaaaat! :)

  • Jos - 2012-02-09 17:09

    Good news. Now focus on the Super Rugby trophy.

      Vernon - 2012-02-10 09:56

      Great comedian you'll make !!!

  • Marius - 2012-02-09 17:27

    Reading between the lines, it looks like all this sponsorship will do is to pay money to the Pumas and Leopards that has been outstanding to them for years so there aren't going to be much left for the Lions to spend at home.

  • John - 2012-02-09 17:28

    I hope that this time both parties have done enough diligence on each other we do not want another cat fight at the expense of rugby.....lions deserve a better chance......

  • Dawie - 2012-02-09 17:29

    My bloed bly Blou

      John - 2012-02-09 19:13

      I'm almost insulted by that comment on a Lions thread. I feel i should report it.

      Dawie - 2012-02-09 19:40

      @John I'll report you against the head

      dirk.maritz1 - 2012-02-09 20:55

      Net wat 'n bloubuln supporter sal se

      John - 2012-02-09 21:31

      Yes, characterised by incoherent sentences. Get off the klippies & coke, Dawie.

      Dawie - 2012-02-09 22:08

      @John and brainsurgeon maritz1 Well looking at your profiles I'm not even gonna start wasting my time on people with really questionable intellect. And zero Super cups You bore me

      Dawie - 2012-02-09 22:40

      @Dirk Maritz Goue ouers, ma is jy nie nie lekker gomg@t nie!! Watse snot bakkie staan jy by jou absolute PYL!!!

      Bambie - 2012-02-10 01:19

      Dawie...dit DJ Dirk..lees weer...en daai confused seun wat in die kombuis staan...ons kan hom muishond noem dink ek...

      Heini - 2012-02-10 13:52

      I can assure you your blood isn't blue, and by the way, Transvaal won the Super trophy in 1993 before any other South African team. Now get back to your room and go masturbate on that poster of Gary Botha you have under your bed

      Dawie - 2012-02-10 16:12

      @Heini Nou nie exactly 'n oilpainting nie is jy. En jou weerhaan haarstyl laat my verstik van die lag jou common aap. JOU TAPIT!

      Heini - 2012-02-13 09:21

      @ Dawie, Was that the best you can do troll!? Haha, wonder who's the one writing on a lion's threat "my bloed is blou", you just justify what most of SA already think of the blue balle. And then even slap you name further by claiming Lions have no super cups. Hehe, yawn, you bore me!!

  • Ridwaan - 2012-02-09 17:51

    Message from Kevin de Klerk to supporters - Lions Rugby Website Dear Supporters Just a few lines to say thank you again for the wonderful support you have given me and the Golden Lions Rugby Union over recent weeks. Unfortunately one cannot control what sometimes goes out in the media and more precisely, how it is presented. As per my statement a few weeks ago, we at the Lions will defend any actions that are brought against us and I wish to give assurance that we will come through the negativity as we did in 2011 and we will become serious contenders in this 2012 Super Rugby competition. With the introduction of the new equity partners, we have been able to offset many issues that bedevilled the Lions previously. Some of the issues are legacy issues that have been outstanding for some time and are currently being resolved. Other issues are current which are basic to any business that runs from day to day. We are moving ahead extremely positively on the business front and we will remain resolved and ultimately become the leading brand in South Africa and in world rugby again.

      Ridwaan - 2012-02-09 17:52

      Two years ago we spoke about a redesign of our winning culture – a powerhouse of rugby, a centre of excellency that will embody the very essence of innovation and performance that is our vision and belief. I spoke about us specializing in winning the season and I said the skills of the legendary warriors of the Golden Lions would reverberate once again. I said that our force would be felt on every field and in every clash and that opponents would feel our metal and know our strength. And indeed it has. And once again I say let us never lose sight of where we’ve come from. May we never lose our faith or our humility. May we continuously learn as we grow from strength to strength. May we never forget the importance of standing together. Our unity has become our strength. It is this strength that will carry us through the next season and onto greater glories that we dare to dream as we face the Super Rugby. I thank you from the bottom of my heart for your invaluable support and for standing behind us through the good and the bad. Without you, we would not be facing a future so bright. Thank you. Kevin de Klerk GLRU President

  • Riaan - 2012-02-09 23:50

    For how long this time around before the brokebacks are back to the dump? Lions union should have been dissolved years ago.

  • Steenbra - 2012-02-10 14:42

    Quite glad for the union. now they can get back to playing the game.

  • Heini - 2012-02-13 09:20

    @ Dawie, Was that the best you can do troll!? Haha, wonder who's the one writing on a lion's threat "my bloed is blou", you just justify what most of SA already think of the blue balle. And then even slap you name further by claiming Lions have no super cups. Hehe, yawn, you bore me!!

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