Blue Bulls takeover by Johann Rupert and Patrice Motsepe

Two of South Africa’s wealthiest businessmen have reportedly made a bid to gain a majority share in the Bulls.

 

Afrikaans newspaper Rapport indicated over the weekend that Remgro boss Johann Rupert and mining magnate Patrice Motsepe have made a joint offer to gain a majority share in the Blue Bulls Company.

Remgro, an investment holding company based in Stellenbosch, already has a 50% share in the Blue Bulls Company and together with Motsepe’s African Rainbow Company it could make the Bulls a financial powerhouse which will allow them to compete with overseas clubs.

The report added that Rupert’s share in the Bulls will decrease to 37.45%, but with Motsepe also gaining a 37.45% share, it would see the duo have a majority share in the Pretoria franchise.

 

Full story here

 

Popular now: – Two Italian props banned for tip tackle on Springbok, Duane Vermeulen

 

Please leave your questions and comments below:

 


KEEP UPDATED – SUBSCRIBE TO BITMEDIA YOUTUBE HERE