LIVE

    American businessman to buy Kings?

    2017-01-31 08:59

    Cape Town - American businessman Douglas Schoninger attended a classified meeting with SA Rugby bosses in Cape Town last week over the possible buyout of a majority stake in EP Rugby.

    According to the HeraldLIVE website, the boss of Pro Rugby North America flew to South Africa to begin negotiations to buy a 74% stake in the EP Rugby Union.

    It was a secret visit after he and SA Rugby reportedly agreed to a 'news blackout' because of the sensitive nature of the talks.

    It's believed Schoninger and SA Rugby president Mark Alexander met for an informal braai at the Cullinan Hotel last Sunday.

    The deal, often referred to as the 'American Alliance', could save EP Rugby from its financial troubles if it materialises.

    The EP Rugby Union was liquidated last year which forced SA Rugby to step in and take control of matters, financing the Southern Kings in Super Rugby as well as the EP Kings' Currie Cup team.

    EP finished last in last year's nine-team Currie Cup, losing all eight their games, while the Southern Kings ended last in Super Rugby's Africa Conference 2, winning only two of 15 games.

    What To Read Next

    Read News24’s Comments Policy

    Live Video Streaming
    Video Highlights
    Sport Talk

    Results

    05 August 2017
    29 July 2017
    22 July 2017
    21 July 2017
    15 July 2017
    14 July 2017
    08 July 2017
    07 July 2017
    01 July 2017
    30 June 2017
    09 June 2017
    03 June 2017
    02 June 2017
    28 May 2017
    27 May 2017
    26 May 2017
    21 May 2017
    20 May 2017
    19 May 2017
    13 May 2017
    12 May 2017
    06 May 2017
    05 May 2017
    30 April 2017
    29 April 2017
    28 April 2017
    22 April 2017
    21 April 2017
    15 April 2017
    14 April 2017
    09 April 2017
    08 April 2017
    07 April 2017
    02 April 2017
    01 April 2017
    31 March 2017
    25 March 2017
    24 March 2017
    18 March 2017
    17 March 2017
    11 March 2017
    10 March 2017
    04 March 2017
    03 March 2017
    02 March 2017
    25 February 2017
    24 February 2017
    23 February 2017

    Logs

    Rank Team P W Pts

    Opinion Poll

    The 2017 Super Rugby tournament has reached its quarter-final stage. When all is said and done, who emerges victorious?

    The ultimate Super Rugby quiz!

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