Lions deny liquidation rumours

2012-01-17 18:14

Johannesburg - The Golden Lions Rugby Union (GLRU) has denied media reports that the union is facing liquidation.

The union is upset after several recent articles referred to the Lions as "cash-strapped".

Rumours on various social media platforms have also implied that the GLRU's former equity partners, the Guma TAC Group, might initiate steps to have the Currie Cup champions liquidated.

“We have a new equity partner in Altmann Allers and I can state categorically there won't be any liquidation,” GLRU president Kevin de Klerk told the Lions' website on Tuesday from Rustenburg, where he was at the Lions' three-day training camp. Allers is owner of Glasfit and also the GLRU deputy president.

De Klerk added that the Guma Group did advance money to the GLRU during their equity relationship with the Lions, and that the GLRU lawyers and those of Gumede are currently in the process to determine what the Gumede claim entails.

Any consideration by the Guma Group to apply for liquidation will have to be tested against the GLRU’s debts exceeding their assets. “I can categorically say that this is not the case. The GLRU is definitely not bankrupt and there is no prospect of liquidation," said De Klerk said.



  • Barry - 2012-01-17 18:59

    All this negativity around the lions is to deter them from playing rugby, please stop these rumours until you have black and white evidence.

      Juan - 2012-01-18 07:57

      Ag ou Isakkietjie, suur druiwe ne? Ons sal sien ou groot bek. LEEUS vir altyd...........

      ruan.bronkhorst - 2012-01-18 08:14

      Isak, shame ek voel jammer vir jou. Kom ons hoop julle kan n beker die jaar wen. En koffie bekers tel nie myvriend.

      deonk - 2012-01-18 10:39

      Isak, is jy kwaad want ons het julle en al julle Springbokke getrap in die Semi finaal?

  • Japie.Bosch - 2012-01-17 19:51

    100% confidence in the Lions and the GLRU.

  • Nico - 2012-01-17 20:20

    Guma must be kicking himself, prob why so many "reports" are "leaked" to the press. After a sold out currie cup final, I'm sure there is lots of cash. Then there is the surge in sales of jerseys for a winning team as well :) The season tickets for the Lions are really well priced, so I'm sure they are getting their worth there as well. O yeah, and there is an equity partner after all, sorry mr Gumede, you lost this round :) Lions to take the super15 this year :)

  • Kenjaymay - 2012-01-17 21:37

    The rumours were spread by WP and the Sharks, they are still in shock and can't get over the beating they got in the semi's and final!!!!!!...LoL!!!!! Go Lions you good thing!...I love you so much I can S#it myself!!!

      Johan - 2012-01-18 15:53

      @Isak. HAHAHAHAHAHA julle weepee en sharkies is net suur omdat die MAGTIGE LEEUS met julle gemors het. LIONS 4 SUPER CHAMPS

  • Patrick - 2012-01-17 23:22

    well they have been at the bottom of the super rugby log since they began, so it really wont be a loss to rugby!! or maybe it would, coz the top teams do need a practise match!!!

      Patrick - 2012-01-18 08:03

      come on??? nobody eva mentioned the lions b4 they won the currie cup and now that they do all the ex lions supporters wanna take there jersey out of the deepest, darkest part of ur wardrobe and all of a sudden wear it all proudly!!! f%$# off!!!

      Patrick - 2012-01-18 08:06

      ps... the chances of the lions winning the super rugby title are the same as white people running south africa again!!!!! it aint gonna happen!!! point.........

      Corné - 2012-01-18 08:52

      FYI appart from the Bulls they are the only other SA team to have won a Super Rugby Trophy you idiot. They were doing very well in the mid to late 90's

      Patrick - 2012-01-18 23:32

      the lions DID NOT win a super rugby title as super rugby started in 1996, maybe b4 that!! wanker

      Koos - 2012-01-19 12:43

      mmmm Patrick you turd..... the super 12 STARTED in 1996.... but the super series started in 1993 WITH THE SUPER 10 and TVL aka LIONS won the first one against queensland........ how is it going with your uncly Bryce..... lawrence.... the one that helped the ab'...... still cant wait for him to come to RSA..... bbwwhhaa ha ha ha ha ha

  • Andre Botes - 2012-01-18 02:41

    Where there is smoke,there is fire! Let's hope its not true!

  • Danny - 2012-01-18 07:49

    From a Shark supporter - media - leave them alone. Haven't you got more positive things to report on? The Lions have brought a fresh new intensity to SA rugby - leave them alone, they will sort their problems out. GO SHARKS!

  • jgreyling.g - 2012-01-18 08:16

    Dit is jaloerse mense wat sulke stories versprei

      Kosie - 2012-01-18 08:32

      jaloers op wat? een ou currie cup

      deonk - 2012-01-18 10:41

      Kosie, jy is so goed soos jou laaste wen... en ons het GOED gewen!

      Koos - 2012-01-19 12:46

      Deon.... ek se vir baie guppies...... daai keer toe hulle ons in durban 52 iets gewen het en ons sleg gese het..... toe kom die ''final''... en toe besef die sahrks dat daardie vorige game was nie n final nie..... toe wys ons hulle met die knock on drie wat alberts gedruk hoe om rugby te speel....

  • Werner - 2012-01-18 08:35

  • pages:
  • 1