Streaming issues? Report here
Gushwell Brooks deep etch Gushwell Brooks deep etch
NightTalk with Gushwell Brooks
21:00 - 00:00
volume_up
volume_mute

NightTalk with Gushwell Brooks
21:00 - 00:00
Home
arrow_forward
Sport

SA Rugby takes temporary control of the Kings

22 June 2020 3:58 PM
Tags:
SA Rugby
Southern Kings
Isuzu Southern Kings

Players, management, office staff, sponsors and provincial and metropolitan authorities have been advised of the latest developments. All staff and players of the franchise have been retained.

JOHANNESBURG - SA Rugby has on Monday assumed management control of the Isuzu Southern Kings, having taken back a 74% shareholding in the organisation.

Rassie Erasmus, South Africa’s director of rugby, is liaising with Kings director of rugby and interim coach, Robbie Kempson, on immediate team needs.

Players, management, office staff, sponsors and provincial and metropolitan authorities have been advised of the latest developments. All staff and players of the franchise have been retained.

“I cannot stress enough how reluctant we are to resume control of the Isuzu Southern Kings. It is our last resort and we are keen to explore ways to return to the shareholding to another’s hands, in conjunction with the EPRU, the minority shareholder, who have given the required approval to the decision. The next step is to appoint a new board to oversee the franchise’s affairs and ensure the team is match ready for when we are able to resume playing,” said Mark Alexander, president of SA Rugby.

SA Rugby has appointed a finance team to work with franchise administrators on ensuring salary payments are made and business needs are addressed.

Alexander said the decision was taken following the failure of the Greatest Rugby Company in the Whole Wide World (GRC) to meet its financial commitments relating to the acquisition of the shareholding.

The decision ensures the Isuzu Southern Kings will participate in Guinness PRO14 and/or any other competitions that may be established within the constraints of the COVID-19 pandemic lockdown.

“This was a decision we took with extreme reluctance and after allowing GRC considerable lee-way in which to meet the contractual commitments they made on the acquisition of the shareholding. We appreciated the vision and intentions of the GRC but, unfortunately, we are operating in an unforgiving business environment,” said Alexander.

A decision on whether an administrator needs to be additionally appointed will be taken in the coming days.

Isuzu Southern Kings Timeline:

  • November 2010: SA Rugby announces intention to field the Southern Kings in Vodacom Super Rugby in 2013.

  • February 2013: Kings compete in the Vodacom Super Rugby competition as one of five South African teams.

  • August 2013: Kings lose place in Vodacom Super Rugby in a two-legged playoff against the Lions.

  • November 2015: SA Rugby takes control of the franchise when EPRU, to whom the operation of the franchise had been granted, ran into financial trouble.

  • February 2016: Kings return to Vodacom Super Rugby when the competition expands to 18 teams.

  • April 2017: SANZAAR announces that Vodacom Super Rugby will contract from 18 teams to 15 teams in 2018.

  • September 2017: The Kings (and Toyota Cheetahs) are included as South Africa’s ground-breaking representatives in the Guinness PRO14 competition.

  • January 2019: GRC acquires 74% shareholding in the franchise; EPRU retain a 26% shareholding.

  • June 2020: SA Rugby resumes control of the Isuzu Southern Kings following the failure of GRC to meet contractual commitments.


This article first appeared on EWN : SA Rugby takes temporary control of the Kings


22 June 2020 3:58 PM
Tags:
SA Rugby
Southern Kings
Isuzu Southern Kings

Recommended

More from Sport

190310-qdk-edjpg

De Kock, Ngidi and Wolvaardt take top honours at CSA Awards

4 July 2020 8:57 PM

Quinton de Kock, Laura Wolvaardt and Lungi Ngidi took top honours at the annual 2019/20 Cricket South Africa Awards on Saturday.

Share this:
Read More arrow_forward

cycling-bw

Experts develop online tool to help mitigate COVID-19 in endurance sports events

3 July 2020 11:37 AM

Stellenbosch University's Prof Wayne Derman is part of a team that has developed the tool to help event organisers.

Share this:
Read More arrow_forward

newlands-rugbypng

Western Province agrees to Newlands proposal

1 July 2020 4:37 PM

The loan agreement approved on Tuesday, will enable the WPRFU to pay off its debt to Remgro and Investec Bank. Guarantees have already been obtained in this regard, subject to the ratification of the agreement by a Special General Meeting of the WPRFU on 8 July.

Share this:
Read More arrow_forward

Chiliboy.jpg

Mahlatse 'Chiliboy' Ralepelle handed 8-year doping ban

1 July 2020 9:58 AM

The 33-year-old tested positive for the banned anabolic agent, Zeranol, during an out-of-competition test on the 17th January 2019.

Share this:
Read More arrow_forward

Proteas bowler Kagiso Rabada will be available to play again

CSA announces revised date for 3T Cricket Solidarity Cup match

1 July 2020 9:13 AM

The match details remain the same with SuperSport Park as the hosting venue and the starting time being 11 am (SAST).

Share this:
Read More arrow_forward

191104-cyril-boks-rwc-edjpg

Shy Erasmus insisted World Cup trophy glory belong to Kolisi

27 June 2020 2:45 PM

Video footage captures Springbok captain Siya Kolisi making an impassioned plea to his coach to come forward with him after South Africa had beaten England 32-12 in the final in Yokohama.

Share this:
Read More arrow_forward

101022Neil-Tovey.jpg

Former Bafana skipper Tovey ditched as South Africa technical director

27 June 2020 1:10 PM

South African Football Association (Safa) spokesman Dominic Chimhavi said health was the chief reason behind letting the skipper of the 1996 Cup of Nations team go.

Share this:
Read More arrow_forward

191028kloppjpg

Liverpool crowned Premier League champions after Chelsea beat Man City

25 June 2020 11:12 PM

Chelsea claimed a 2-1 victory over Manchester City to ensure that Liverpool win the title with seven games remaining.

Share this:
Read More arrow_forward

140814AjaxvsSundowns4.jpg

Government approves PSL resumption plans

24 June 2020 9:22 AM

The approval gives PSL clubs the go-ahead to start training and hosting matches behind closed doors.

Share this:
Read More arrow_forward

191230-mark-boucherjpg

CSA to probe 'fake document' claiming Boucher is 3TC shareholder

23 June 2020 5:17 PM

CSA said CEO of 3TC Cricket Francois Pienaar had confirmed that Mark Boucher was not a director and that no other CSA employee was in any way associated with 3TC.

Share this:
Read More arrow_forward