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


    Saturday, 17 February 2018
    • Stormers v Jaguares, Cape Town 15:05
    • Lions v Sharks, Emirates Airlines Park 17:15
    Friday, 23 February 2018
    • Highlanders v Blues, 08:35
    • Rebels v Reds, AAMI Park 10:45
    Saturday, 24 February 2018
    • Sunwolves v Brumbies, Prince Chichibu Memorial Stadium 06:15
    • Crusaders v Chiefs, 08:35
    • Waratahs v Stormers, Allianz Stadium 10:45
    • Lions v Jaguares, Emirates Airlines Park 15:05
    • Bulls v Hurricanes, Loftus Versfeld 17:15


    No results are available


    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!

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