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Newlands Rugby Stadium to be demolished - reports

4 October 2019 5:20 PM
Tags:
Rugby
Newlands
Investec
Newlands Rugby Stadium
WP Rugby

According to reports, WP Rugby will be paid out R110-million to replace the iconic stadium with residential and retail properties.

Newlands Rugby Stadium may soon be no more.

According to reports, the stadium will be demolished in 2021 following a deal between Western Province Rugby Football Union and Investec.

The rugby body has apparently entered into a development agreement with Investec worth R110-million, RugbyRocks.com reports.

The historic 51,900-capacity stadium is set to be replaced with residential and retail properties built on the site.

Meanwhile, it's alleged WP Rugby will move to Cape Town Stadium in Green Point.

The iconic venue is the second oldest rugby stadium in the world.

The deal has yet to be confirmed by either parties.

This is a developing story.


This article first appeared on CapeTalk : Newlands Rugby Stadium to be demolished - reports


4 October 2019 5:20 PM
Tags:
Rugby
Newlands
Investec
Newlands Rugby Stadium
WP Rugby