Dubai money to keep WP’s Boks in the Cape?

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Steven Kitshoff and Frans Malherbe

Ziyaad Douglas/Gallo Images

An investment from Dubai could go a long way in helping Western Province retain their top Springboks.

Afrikaans newspaper Rapport reported on Sunday that WP have offered lucrative contracts to all their senior players and that an investment from a company in the United Arab Emirates could help significantly in this regard.

Most of the senior players’ contracts expire in July.

The report added that the new investment was driven by Ebrahim Rasool, chairperson of the union’s Board of Directors.

The players, however, have expressed doubts over whether the deal would materialise and none of WP’s top Springboks have thus far put pen to paper on new deals.

The team’s headline sponsor, DHL, will likely also only renew its sponsorship if the top Springboks commit to the union.

Rasool did not deny the interest from the UAE but was reluctant to shed more light.

“WP have always been very clear about the need for additional income streams. We have plans on pursuing it, provided it is based on an adequate valuation of the assets and brand of WP and the Stormers,” he said.

The Cape union has been in murky waters of late – in December it faced the news that Flyt Property Investment would be seeking “damages” over reneging on an agreement signed in June 2020, while American consortium MVM Holdings pulled out of negotiations around a prospective investment.

MVM Holdings subsequently signed a majority stake (51%) in WP’s coastal rivals, the Sharks.

It is believed that WP’s top brass was reluctant to hand over a 51% controlling stake to the American consortium.

– Compiled by Sport24 staff



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