Rugby

WP Rugby's money woes set to cripple the union

2019-06-24 18:20
Zelt Marais (Gallo)
Zelt Marais (Gallo)

Cape Town - WP Rugby is seemingly in major financial strife, with the union reportedly only able to pay its employees one more month's salary.

Afrikaans newspaper Rapport reported on Sunday that an internal power struggle between the amateur and professional arms and a lack of funds threaten to bring the union to its knees.

The Cape union expects to make a loss of R30 million for the current financial year and still needs to pay back a loan of R43 million from Remgro who bailed them out a couple of years ago.

The report added that an urgent board meeting was scheduled last Friday, but no solutions to the problems were found.

As such, WP Rugby has put its player contracting process on hold, with Springboks including Siya Kolisi, Pieter-Steph du Toit, Steven Kitshoff, Frans Malherbe, Bongi Mbonambi and Sikhumbuzo Notshe yet to re-sign.

The report added that power at the union could shift back to the amateur arm led by president Zelt Marais, with negotiations set to take place with CEO Paul Zacks regarding a severance package.

Read more on:    wp rugby  |  zelt marais  |  paul zacks  |  cape town  |  rugby

 

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