The Blue Bulls Company welcomed new shareholder Patrice Motsepe, the mining businessman and billionaire.
The much-anticipated deal was unanimously concluded at a meeting held at Loftus Versfeld.
The new structure will mean that existing shareholders Remgro and the Blue Bulls Rugby Union (BBRU) reduce their previously equal percentage of shareholding from 50% each to 37% and 26% respectively, allowing Motsepe to buy the remaining 37%.
President of the BBRU, Willem Strauss expressed his delight with the new signing: “We put a lot of effort into making this possible over the last few months, and I am proud to say that all the union committee members unanimously voted in favour of the deal.
“I firmly believe that private investors will add immense value to our beautiful game going forward. The benefits of this deal is not only to the BB Company at the professional level, but it will also make a positive impact on our amateur rugby, at schools, clubs and development levels. We are privileged and excited to have partners like Mr Motsepe in our corner”
Motsepe is a visionary in the business world and has often been quoted: “If we continue doing the right things in Africa, we can create a very exciting and competitive global market here”. Among his many business ventures, he is also the owner of African soccer giants Mamelodi Sundowns, a team that also enjoys Loftus Versfeld as their home ground.
In partnership with ANA and Sports Leo
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