Prev Game: Super Rugby Sat 12th Jul

prev game - Lions
team 1 score team 2
Lions 60 - 25 Cheetahs

Next Game: Currie Cup Sat 9th Aug

next game - Lions
team 1 score team 2
Lions 16:05 Blue Bulls

Investment blow for Lions

Deal to purchase 49.9% of union falls through

Last Updated: 29/06/11 8:06am

  • Share:
Gumede: Has walked away from a deal to invest in the Lions

Gumede: Has walked away from a deal to invest in the Lions

Sky Bet

    • Retrieving latest Sky Bet odds

The Lions have been rocked by news that their billionaire investors have walked away from the union.

Guma TAC, backed by Robert Gumede and Ivor Ichikowitz, had agreed a deal to buy a 49.9 per cent stake in the Lions eight months ago.

However the duo have now terminated the deal, with GLRU president Kevin de Klerk saying: "We have worked very long and very hard at the union to deliver a workable final shareholders agreement.

"We were prepared to keep working on that process, but unfortunately the agreement could not be concluded."

  • Share:

Related

Most Popular

Features

Fisher aiming high

Fisher aiming high

England's Heather Fisher is relishing the challenge ahead of the Women’s Rugby World Cup.

Good Week/Bad Week

Good Week/Bad Week

So much can change in a sporting week and, sure enough, there have been plenty of highs and lows.

Worthy finalists

Worthy finalists

Sean Fitzpatrick says finalists Waratahs and Crusaders proved they're Super Rugby's finest.