ASA face liquidation hurdle

2012-02-14 09:01

Johannesburg - Athletics SA (ASA) could face liquidation if it failed to repay a R7 million debt to a sports promotion company, Beeld newspaper reported on Tuesday.

Chairman of the promotion company, Accelerate Sport, is Gideon Sam, who was previously chairman of the SA Sports Confederation and Olympic Committee (SASCOC).

Rian Oberholzer, previous executive head of the SA Rugby Union, is also a director of the company, Beeld reported.

According to Oberholzer, there was a strong possibility ASA would be liquidated if the debt was not repaid.

Oberholzer said all avenues were being considered to recover the money,

"We came to an agreement on several occasions, but ASA never keeps its word. Our legal representatives are in discussions with the ASA's legal team."

According to Oberholzer, ASA owed Accelerate Sport a commission for the Yellow Pages and Nedbank sponsorships, and for television broadcasting rights.

ASA chairperson James Evans denied the organisation owed Accelerate Sport any money. According to him, contractual obligations were suspended in 2008.


  • Michael - 2012-02-14 09:19

    The truth is coming out 1 by 1! Now you know why ASA board was suspended!

  • Sulaiman - 2012-02-14 09:21

    No Comment #Cadredeployments

  • Bob - 2012-02-14 09:46

    Useless bunch of Incorrigible criminals

  • Derk - 2012-02-14 09:49

    another good day in South Africa

  • Rene - 2012-02-14 10:02

    So what's new??????

  • richard.galpin - 2012-02-14 10:07

    What is the next department that is going to bankrupt South Africa??? Watch News 24 for the next in this exciting saga of the demise of RSA.

  • Celtis - 2012-02-14 10:10

    During the old days the world boycotts kept us out of international competition and these days the ANC does is.

  • Kevin - 2012-02-14 10:13

    Blame it all on apartheid...the white man made them do it...

  • Jay - 2012-02-14 10:29

    The Law should prohibit any person to be on a Board of a Govt Body or Parastatal if they are involved in any other business venture or have ownership or directorship positions in the private sector. Difficult to accept but really needed in this CORRUPT ANC Run Country. I Rest My Case

  • Glen - 2012-02-14 11:20

    ha ha ha - no wonder, no further comment necessary.

  • Hein - 2012-02-14 11:46

    I find it quite shocking that individuals who were trusted and respected as sports administrators and whose 1st priority and passion should be to see that all sports codes succeed, are the very same people who are enriching themselves through their sports promotions companies and are quite happy to see how a sporting body such as ASA is liquidated. Gideon Sam, in particular, in his capacity as head of SASCOC, should be weeping because of the state of ASA - and not be weeping because his gravy train has become derailed. I so miss the days of amateur sports when people, especially administrators, were in it for the love of the game. 99.9% of all sports participants will always be amateurs and will take themselves to hell and back to experience those moments that can only be experienced on the sports fields. What a pity that those administrators who are entrusted with the running of professional sports are so often only worried about their own bank accounts while the children and amateurs who make up 99.9% of the numbers have to wait for crumbs.

  • pages:
  • 1