Forum Home Forum Home > General Rugby > SA Rugby Issues
  New Posts New Posts RSS Feed - SA Rugby takes management control of the Kings
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


The Lions next play the Ospreys in Swansea in the URC on 30 March 2024, kickoff is at 17:05

SA Rugby takes management control of the Kings

 Post Reply Post Reply
Author
Message
Transvaal View Drop Down
Admin Group
Admin Group


Joined: 30-Mar-2016
Status: Offline
Points: 39036
Post Options Post Options   Thanks (0) Thanks(0)   Quote Transvaal Quote  Post ReplyReply Direct Link To This Post Topic: SA Rugby takes management control of the Kings
    Posted: 22-Jun-2020 at 4:05pm

SA Rugby has 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,” said Mr Mark Alexander, president of SA Rugby.

“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.”

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

Mr 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,” said Mr Alexander.

“We appreciated the vision and intentions of the GRC but unfortunately we are operating in an unforgiving business environment.”

A decision on whether an administrator needed to be additionally appointed would 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 play off 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.
Back to Top
Transvaal View Drop Down
Admin Group
Admin Group


Joined: 30-Mar-2016
Status: Offline
Points: 39036
Post Options Post Options   Thanks (0) Thanks(0)   Quote Transvaal Quote  Post ReplyReply Direct Link To This Post Posted: 22-Jun-2020 at 4:38pm
>>Greatest Rugby Company in the Whole Wide World
Toe nie regtig so GREAT nie
Back to Top
Attie Karate View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 31-Mar-2016
Status: Offline
Points: 1505
Post Options Post Options   Thanks (0) Thanks(0)   Quote Attie Karate Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 9:09am
OP rugby moet deel wees van die top liga in SA Rugby, hoe kan niemand net die unie ordentlik bestuur nie? Dis is mos ook die bron van onuitputbare rugby talent in SA (alhoewel almal eerder wil sokker speel), so daar is mos miljoene spelers. Ek terg, dis natuurlik nie so eenvoudig nie.

OP is 'n trotse unie met baie geskiedenis en enigiemand wat enigiets te doen het/ gehad het met die swak bestuur moet hul kop sak in skaamte. Dis 'n skande dat unies soos die Pumas en Griekwas (met alle respek) kan funksioneer en nie die OP nie.
Up the Vaal!
Back to Top
WitBoer View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 31-Mar-2016
Location: Bronkhorstsprui
Status: Offline
Points: 2162
Post Options Post Options   Thanks (0) Thanks(0)   Quote WitBoer Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 3:02pm
Originally posted by Transvaal Transvaal wrote:

>>Greatest Rugby Company in the Whole Wide World
Toe nie regtig so GREAT nie
Wat 'n KAK naam...
"Believe nothing, No matter where you read it, Or who has said it, Not even if I have said it, Unless it agrees with your own reason And your own common sense" - Buddha
Back to Top
Leeubok View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 31-Mar-2016
Location: KZN
Status: Offline
Points: 4953
Post Options Post Options   Thanks (0) Thanks(0)   Quote Leeubok Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 3:25pm
Originally posted by WitBoer WitBoer wrote:

Originally posted by Transvaal Transvaal wrote:

>>Greatest Rugby Company in the Whole Wide World
Toe nie regtig so GREAT nie
Wat 'n KAK naam...

Wys net die intellekt van die klomp wat dit bestuur het. Klink soos 'n naam wat my 6 jarige dit sou gee
Back to Top
AK  View Drop Down
Ervare Leeu
Ervare Leeu
Avatar

Joined: 30-Mar-2016
Status: Offline
Points: 867
Post Options Post Options   Thanks (0) Thanks(0)   Quote AK  Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 3:49pm
Ja wat... Kom ons wees maar eerlik. As saru oorneem is dit maar The blind leading the stupid.
Back to Top
valie View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 02-Apr-2016
Location: ver van hier
Status: Offline
Points: 2674
Post Options Post Options   Thanks (0) Thanks(0)   Quote valie Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 4:53pm
Originally posted by Leeubok Leeubok wrote:

Originally posted by WitBoer WitBoer wrote:

Originally posted by Transvaal Transvaal wrote:

>>Greatest Rugby Company in the Whole Wide World
Toe nie regtig so GREAT nie
Wat 'n KAK naam...

Wys net die intellekt van die klomp wat dit bestuur het. Klink soos 'n naam wat my 6 jarige dit sou gee
Ja, defnitief n naam wat klink of dit op kort kennisgewing uitgedink is, maar moet nie jou 6 jarige so laag vat nie LOL.
Back to Top
valie View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 02-Apr-2016
Location: ver van hier
Status: Offline
Points: 2674
Post Options Post Options   Thanks (0) Thanks(0)   Quote valie Quote  Post ReplyReply Direct Link To This Post Posted: 23-Jun-2020 at 4:53pm
Originally posted by AK  AK  wrote:

Ja wat... Kom ons wees maar eerlik. As saru oorneem is dit maar The blind leading the stupid.
LOL Goed gestel!
Back to Top
Attie Karate View Drop Down
Koning Leeu
Koning Leeu
Avatar

Joined: 31-Mar-2016
Status: Offline
Points: 1505
Post Options Post Options   Thanks (0) Thanks(0)   Quote Attie Karate Quote  Post ReplyReply Direct Link To This Post Posted: 24-Jun-2020 at 11:52am
Originally posted by valie valie wrote:

Originally posted by Leeubok Leeubok wrote:

Originally posted by WitBoer WitBoer wrote:

Originally posted by Transvaal Transvaal wrote:

>>Greatest Rugby Company in the Whole Wide World
Toe nie regtig so GREAT nie
Wat 'n KAK naam...

Wys net die intellekt van die klomp wat dit bestuur het. Klink soos 'n naam wat my 6 jarige dit sou gee
Ja, defnitief n naam wat klink of dit op kort kennisgewing uitgedink is, maar moet nie jou 6 jarige so laag vat nie LOL.


Met so naam klink dit anyway nie of hul ooit regtig ernstig was oor die saak nie. Het hul nie deestyds dalk regtig 'n kompetisie gehou waar kinders aan name moes dink nie?
Up the Vaal!
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.01
Copyright ©2001-2018 Web Wiz Ltd.

This page was generated in 0.074 seconds.