WP Rugby - More sh...t to hit the fan

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Chilli
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Re: WP Rugby - More sh...t to hit the fan

Post by Chilli »

Jensrsa wrote:
Chilli wrote:
Jensrsa wrote:Apparently the Lions made Juarno "Trokkie" Augustus a good offer
You mean they offered to pay him in cash and not sweet wine and food stamps?
Yep. Real money :)
Like a bank transfer or something...........not just the players getting their 3 bottles and a few Shoprite vouchers after practice every day?
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Big Nipper
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Re: WP Rugby - More sh...t to hit the fan

Post by Big Nipper »

Chilli wrote:
Jensrsa wrote:
Chilli wrote:
Jensrsa wrote:Apparently the Lions made Juarno "Trokkie" Augustus a good offer
You mean they offered to pay him in cash and not sweet wine and food stamps?
Yep. Real money :)
Like a bank transfer or something...........not just the players getting their 3 bottles and a few Shoprite vouchers after practice every day?
The Lions pay their disciples in Rhema Church vouchers and 2 fish and a loaf of bread a week
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

Post by Chilli »

Big Nipper wrote:
Chilli wrote:
Jensrsa wrote:
Chilli wrote:
Jensrsa wrote:Apparently the Lions made Juarno "Trokkie" Augustus a good offer
You mean they offered to pay him in cash and not sweet wine and food stamps?
Yep. Real money :)
Like a bank transfer or something...........not just the players getting their 3 bottles and a few Shoprite vouchers after practice every day?
The Lions pay their disciples in Rhema Church vouchers and 2 fish and a loaf of bread a week
And Swys is on his way back to supervise all of this.
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Re: WP Rugby - More sh...t to hit the fan

Post by OomStruisbaai »

Look like CT Stadium is a kak option, if they cant play soccer on it, how will it last scrumming?
S24
Unsuitable CT Stadium pitch sees CT City v Chiefs PSL blockbuster moved
Cape Town - The upcoming Absa Premiership blockbuster encounter between Cape Town City and Kaizer Chiefs will not go ahead at Cape Town Stadium on Tuesday, August 27.

A new venue, in all likelyhood Athlone Stadium, will need to be found after certain areas of the pitch at the stadium were deemed unsuitable for a match to take place.

This was confirmed in a statement by the City of Cape Town on Wednesday afternoon.

The City were informed of the developments by the City of Cape Town chairperson, John Comitis, with the chief operating officer of the Premier Soccer League, Prof. Ronnie Schloss ruling the pitch unsuitable.

"We are immensely disappointed with this situation as we have worked tirelessly to ensure the pitch is up to standard," said Lesley de Reuck, the CEO of Cape Town Stadium said in a statement.

"Unfortunately, the improved weather conditions has come in too late to have the desired impact that was needed. We are most distraught for the fans of both teams who had expected to watch this top flight match played at the Cape Town Stadium.

"We sincerely apologise to everybody that this has affected. Rest assured that we will continue in our efforts to have the pitch brought up to FIFA standards," concluded de Reuck.

This isn't he first time that Cape Town City have been forced to use another venue as a result of stadium not been ready to host a fixture.

Last week, Comitis blasted authorities after the match between City and Stellenbosch FC was moved to Athlone Stadium.

"To me it's all a lot of nonsense. They know for the last four years the league starts in the first week of August," said Comitis when forced to move the fixture.
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

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https://rugby365.com/laws-referees/news ... h-referees

Following a meeting between the executive members of the Western Province Rugby Football Union and representatives of the Western Province Referees’ Society on Wednesday evening, a meeting which lasted for six hours, the Union has issued the statement below.

“The Western Province Rugby Football Union (WPRFU) has backed the decision of the Western Province Referees Society not to officiate any club rugby games this weekend.

“Following a meeting between the WPRFU Executive and the Referees Society on Thursday, all club rugby fixtures this weekend have been postponed and a Memorandum of Agreement was signed addressing all of the concerns raised.


“WPRFU has never condoned abusive behaviour towards referees and will continue to take active steps to deal with any such incidents in club rugby in the future.

“Any club or individuals engaged in the abuse or intimidation of referees will face formal disciplinary action, which could result in referee services being withheld from future games at that club.

“Rugby cannot be played without referees and it is vital that they are respected at all levels of the game.

“In the interests of rugby, we trust that all clubs will respect and support this decision.”

The statement comes for Zelt Marais, President of the Western Province Rugby Football Union.

*The chairman of the Western Province Referees’ Society, Joey Klaaste-Salmans, did not sign the Memorandum of Agreement mentioned in the press release, which questions the validity of the agreement, which one would expect to have been between two parties.

**A big positive from the meeting is the Union’s decision to form a special disciplinary committee to hear cases of referee abuse.

***Furthermore the Union decided that clubs would have a representative to attend the Society’s monthly meetings and the activities of referees in the regions in which the club falls.

****The first paragraph of the WPRFU press release states that matches scheduled for this Saturday would be postponed.
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

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https://rugby365.com/laws-referees/news ... lent-in-wp
NEWS: Because of increased abuse, the Western Province Referees’ Society has, with regret, decided that it will not provide referees for club matches in the Western Province until such time as adequate steps are taken against those guilty of abuse, physical or verbal.

The chairman of the Society, Joey Klaaste-Salmans, and his executive are unanimous in agreeing to this course of action – or inaction – in the interests of the safety of the Society’s referees who provide referees for all club and some school matches throughout the Western Province.

Recent actions that led to this decision was the case of a referee’s being struck by a bottle thrown at him and the verbal abuse by the coach of Hands & Hearts RFC in respect of the refereeing of Nathan Swartz, one of the top referees in the province.


In neither case did the Western Province Rugby Football Union appear to take any action in this regard.

For referees, refereeing is a matter of enjoyment in serving a game that they love – as is the case with players. The great majority of players play for enjoyment, as is the case with referees. When it comes to abuse, there can be no enjoyment, and all the Society seems to seek is safety and the absence of abuse.

Already the effects of abuse is shown in the dwindling number of referees that the Western Province Referees’ Society has at its disposal.

In a letter to his members, Klaaste Salmans has said that because of abuse, the following will obtain:

“We are thus advising members that until further notice we will not be appointing referees to the WP club rugby competition.
“We have indicated to the union executive that we are open to an engagement but have requested demonstrable action on the concerns expressed.
“The decision to not appoint referees to matches was the last of all the options that we explored.
“It has become clear that the society and its members seem to be the only stakeholders serious about addressing the issue on referee abuse.
“We are aware that you are passionate and committed to refereeing and look forward to your runs on a Saturday but by not showing the seriousness of our concerns we are condoning the actions of clubs, spectators and players when they abuse our colleagues.
“We thus hope that you see the seriousness of our actions and also know that we have tried avoiding this action.”

The practicality of it means that there will be no referees for club matches on Wednesday and Saturday of this week and for the foreseeable future.

There is to be a meeting of the Union officials and the Referees’ officials on Thursday of this week.
Broken WP RUGBY x(
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saffer13
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Re: WP Rugby - More sh...t to hit the fan

Post by saffer13 »

Newlands Gone!

https://www.sarugbymag.co.za/investec-s ... ands-deal/
Newlands Rugby Stadium will be demolished in 2021 with a deal struck to convert the historic venue into residential and retail properties, according to reports.

Talk of the future of one of the game’s most iconic venues has been quiet in recent months but RugbyRocks.com has reported of a deal between Western Province Rugby Football Union and Investec worth R110-million.

The rugby body will also bank a 5% share in profits from the development and 3.5% of resales of the units. However, that money will only start flowing some six years after it’s demolition.

The stadium, which can seat some 51 900, was built in 1888 but has fallen behinds by modern standards.

The deal will also see Remgro’s R52-million loan being repaid.

No confirmation of WP Rugby’s expected move to become the main tenant of the Cape Town Stadium from 2021 has been forthcoming.

WP Rugby is expected to become an anchor tenant at Cape Town Stadium in Green Point from 2021, although the move has yet to be confirmed.
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

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saffer13 wrote:Newlands Gone!

https://www.sarugbymag.co.za/investec-s ... ands-deal/
Newlands Rugby Stadium will be demolished in 2021 with a deal struck to convert the historic venue into residential and retail properties, according to reports.

Talk of the future of one of the game’s most iconic venues has been quiet in recent months but RugbyRocks.com has reported of a deal between Western Province Rugby Football Union and Investec worth R110-million.

The rugby body will also bank a 5% share in profits from the development and 3.5% of resales of the units. However, that money will only start flowing some six years after it’s demolition.

The stadium, which can seat some 51 900, was built in 1888 but has fallen behinds by modern standards.

The deal will also see Remgro’s R52-million loan being repaid.

No confirmation of WP Rugby’s expected move to become the main tenant of the Cape Town Stadium from 2021 has been forthcoming.

WP Rugby is expected to become an anchor tenant at Cape Town Stadium in Green Point from 2021, although the move has yet to be confirmed.
Once the debt to Remgro has been paid, and any further outstanding debt there wont be much left over.
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

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Now it is jobs for pals............

NEWS: The cash-strapped Western Province Rugby Football Union is heading back to court in the latest episode of its ongoing battles.

The Cape Town-based Burger newspaper reported that the trade union Sports Employees Unite has declared a dispute with the WPRFU.

The dispute centres on the appointment of Ruben Machelm as ‘executive assistant’ – a post created by President Zelt Marais.


According to reports, Machelm is a close associate of Marais and also reports only to Marais.

The appointment upset staff, who turned to their union.

Piet Heymans, Chief Executive of SEU, has since declared a dispute and according to the report in the Burger newspaper, the case will appear before the Commission for Conciliation, Mediation and Arbitration on November 7.

The staff were not informed of the appointment and Machelm arrived for work, totally unannounced, at the beginning of October.

This follows at the time that there is ongoing uncertainty about the future of the Newlands stadium.

Recent reports suggested Newlands will be ‘demolished’ and turned into a multipurpose office-cum-residential development.

This, according to the reports, is all part of an agreement with a major banking group, although the exact timeline for the new ‘development’ remains uncertain.

WPRFU reported entering into an agreement with an asset management group, who will provide the union with a ZAR110-million ‘loan’ for the development rights to the stadium from 2021.

The banking group will take on the development on a 99-year lease.

That means next year’s 2020 Super Rugby season will in all likelihood be the Stormers’ final campaign at Newlands, with a relocation thereafter to the Cape Town Stadium.

However, an agreement with the City of Cape Town, for the use of the purpose-built soccer stadium, has not been signed yet.

Negotiations are underway, but there are many issues to be resolved before the union and the city will put pen to paper.

The ZAR110-million will assist WPRFU with their cash flow issues, including helping them settle a ZAR52-million debt they have with Remgro.

It will leave the union with over ZAR50-million as working capital.

WPRFU will get an income from the development of Newlands, but it will take several years before the new property is complete and the money starts coming in.

In the meantime, the WPRFU needs to find a strong, steady source of income.

* This week’s podcast …
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Re: WP Rugby - More sh...t to hit the fan

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Western Province Rugby have confirmed a deal on Friday, which will see the union make Cape Town Stadium their new home in 2021.

In a press release statement, it was revealed that the City of Cape Town's Council approved the "Binding Heads of Agreement" between the City and WP Rugby.

The agreement sees WP Rugby as the primary Anchor Tenant at the stadium from February 1, 2021 in a deal that potentially spans the next 99 years.

The parties have agreed on a mutually beneficial revenue share model whereby Western Province Rugby will have preferential access to play all senior professional rugby matches at the Cape Town Stadium.

The City will retain responsibility for repairs and maintenance and the operational costs of Cape Town Stadium. It will remain a multipurpose entity, with Western Province Rugby leasing the Cape Town Stadium for matches.

The parties have also agreed to the construction of additional suites at Cape Town Stadium.

Following an extensive due diligence process and the ratification of the WPRFU General Council, the Heads of Agreement were approved.

The City insisted that this agreement would not affect any guaranteed community access and that the stadium remains host to all sporting codes and events.

Western Province Rugby Group CEO Paul Zacks said that while it is rewarding to reach this important stage, there are still many details to be worked out before 2021.

"These Heads of Agreement are the culmination of three long years of hard work. There is much ahead of us before we can play at Cape Town Stadium in 2021, with the Primary Anchor Tenant agreement still to be finalised," he said in a press statement.

Western Province Rugby Football Union President Zelt Marais said that this is a historic moment for the union.

"This is a watershed moment for Western Province Rugby as we open an exciting new chapter which will help ensure our financial sustainability and grow the game in the future," he said.
https://www.sport24.co.za/Rugby/wp-rugb ... e-20191101
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Jensrsa
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Re: WP Rugby - More sh...t to hit the fan

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*Recent reports suggested Newlands will be ‘demolished’ and turned into a multipurpose office-cum-residential development.

This, according to the reports, is all part of an agreement with a major banking group, although the exact timeline for the new ‘development’ remains uncertain.

WPRFU reported entering into an agreement with an asset management group, who will provide the union with a ZAR110-million ‘loan’ for the development rights to the stadium from 2021.

The banking group will take on the development on a 99-year lease.

The ZAR110-million will assist WPRFU with their cash flow issues, including helping them settle a ZAR52-million debt they have with Remgro.

It will leave the union with over ZAR50-million as working capital.

WPRFU will get an income from the development of Newlands, but it will take several years before the new property is complete and the money starts coming in.
https://rugby365.com/tournaments/currie ... wn-stadium
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saffer13
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Re: WP Rugby - More sh...t to hit the fan

Post by saffer13 »

So Newlands for 2020, still?
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Jensrsa
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Re: WP Rugby - More sh...t to hit the fan

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saffer13 wrote:So Newlands for 2020, still?
Seems like it
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Chilli
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Re: WP Rugby - More sh...t to hit the fan

Post by Chilli »

Great news. The Cape Town Stadium is has easy access, loads of parking and toilet facilities that are now only 10 years old.
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Re: WP Rugby - More sh...t to hit the fan

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Western Province Rugby chief executive Paul Zacks is set to be suspended after ‘a number of adverse findings’ in the Section 417 final report pertaining to the liquidation of the union’s professional arm in 2016. JOHN GOLIATH reports.

Zacks could even be pursued by the National Prosecutions Authority (NPA). He received a letter (that SA Rugby magazine is in possession of) via email on 4 December 2019 from the Western Province board and was given until Thursday, 12 December, to respond to ‘serious concerns/allegations of misconduct pertaining to evidence which you gave under oath during the Section 417 enquiry’.

Zacks is currently still at work and performing his daily duties, but well-placed sources said that he is likely to be suspended before the end of the year.

SA Rugby magazine approached WP Rugby for comment, but have yet to receive an official response.

The Section 417 enquiry was initiated by Aerios – the company at the centre of a multimillion-rand advertising rights dispute with WP Rugby – in August 2017. Aerios laid fraud-related charges against WP’s board of directors over alleged non-presentation of the liquidated professional arm’s ‘statement of affairs’.

An inquiry into the affairs of a bankrupt company can trace a company’s missing assets, or reveal misconduct by its directors.

In December 2016, WP Rugby (Pty) Ltd successfully applied to the Western Cape High Court to be liquidated. Aerios had opposed the liquidation application by WP Rugby (Pty) Ltd, after claiming damages of more than R270-million from WP Rugby over alleged advertising rights violations.

In a letter addressed to Zacks last week, the WP board highlights points from Judge Bertelsmann’s Section 417 final report that ‘contains a number of adverse findings’ and which states that Zacks’ testimony was ‘obviously untrue’.

“6. At paragraph 15.5 of the Final Report the learned Judge states the following in relation to you –
“6.1.1 The evidence was obviously untrue (i.e. your evidence that you were completely surprised by Mr Wakefield’s move to liquidate WPR on the morning of 7 November, and which you described as a ‘bolt out of the blue’.
“6.1.2 In your later evidence you testified, having admitted to the fact that you had been untruthful, that you gave your evidence ‘as an act of self-preservation’.
“6.1.3 This attempt to mislead the Enquiry should also be referred to the Director of Public Prosecutions for consideration of taking appropriate steps, if so advised.
“6.2 At paragraph 1 under ‘Recommendations’ in page 47 of the Final Report – The learned judge says, inter alia, that your evidence should be referred to the Director of Public Prosecutions for consideration of taking appropriate steps, if so advised.
“6.3 These further steps may well entail charges of perjury relating to the untrue evidence given at the Section 417 Enquiry under oath.”
In paragraph 6.4 the letter says ‘the union and the company do not intend to wait for the outcome of any referral to the Director of Public Prosecutions before it takes further action pursuant to the aforesaid and your evidence at the Section 417 Enquiry’.

“6.5 There are any number of possible allegations/charges that can be formulated in terms of the Western Province Rugby Personnel Policies and Procedures arising from the Final Report, such as, inter alia:
“6.5.1 Fraud – Knowingly giving false information (clause 3.11)
“6.5.2 Misrepresentation (clause 3.12)
“6.5.3 Dishonesty (clause 3.13)
“6.6 The above is not a close list. Further allegations and charges could possibly include the following – bringing the employer into disrepute, failing to act in the best interest of the employer etc.”
In paragraph seven of the letter, it states that ‘there may be a complete breakdown in trust and confidence between you (as the CEO of the union and the company) and the union and the company’.
https://www.sarugbymag.co.za/wp-boss-in-hot-water/
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Re: WP Rugby - More sh...t to hit the fan

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The culling of two independent directors of the board, Johan van der Merwe and Andre van der Veen, has caused more than just a stir in Western Province circles.

The ‘grapevine’ is abuzz with rumours that political firebrand Ebrahim Rasool is set for a top position in the restructured board of WP Rugby (Pty) Ltd – the professional arm of the Western Province Rugby Football Union.

Rasool, a prominent member of the African National Congress and former Premier of the Western Cape, has previously held several high-profile political positions – including being the South African Ambassador to the United States and a member of the national assembly.

He is earmarked to replace Van der Merwe as Chairman of the board of WPPR – the company that runs professional rugby in the province.

The latest developments – the decision not to renew the terms of Van Der Merwe and Van der Veen, along with the proposal that Rasool takes over the board – will have a massive knock-on effect.

In the wake of the departure of Paul Zacks as WP Rugby CEO back in January, a four-man interim committee was appointed to fulfil the duties of CEO of the company.

This consisted of WPRFU President Zelt Marais, Kevin Kiewitz (who resigned in protest over the handling of the Investec deal) along with the two independent directors, Van der Merwe and Van der Veen.

It leaves Marais in charge of the company and the union.

WPRFU is the 100 percent shareholder of the company, WPPR.

Less than 24 hours after the first ‘rumours’ of the proposal that Rasool be appointed to the board, there were rumblings of discord in the union – especially in the club structures.

More ‘resignations in protest’ are said to be likely.

The name of Raymond van Niekerk has been mentioned in this regard.

There have also been reports of a ‘crisis meeting’ of the sponsors over the weekend, who will plan their next move.

Players are said to be planning a meeting with their trade union, MyPlayers, for next week.

This will also have an impact on the proposed deal with MVM Holdings, an American company fronted by Durban-born lawyer Marco Masotti.

Despite rumours that the US$6-million (just over ZAR100-million) is a ‘loan’, @rugby365com has it on good authority that the terms put forward by MVM Holdings makes it clear it is an investment and that the Yanks want preferential shares in the company.

With unresolved issues such as vacant positions of the Chairman and CEO of the company, along with the purge of independent directors and the contentious property deals, rugby in the Western Cape is set for another stormy season.
https://rugby365.com/tournaments/currie ... p-wp-post/
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Re: WP Rugby - More sh...t to hit the fan

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The infamous contretemps in rugby circles in the Western Cape is redoubtable for its fractionalizing effect.

The affrays sometimes make the South African parliament look like a Sunday school picnic.

However, the most recent ebullitions raised some interesting questions – mainly whether there is an ongoing power struggle in the Western Province Rugby Football Union boardroom, or whether it is, in fact, a political tug-of-war.

For context, it is worth a brief revisit of the storyline of the financial struggles of the past two years.

Since Zelt Marais became the WPRFU President in November 2018, there has been as many plots and sub-plots as the most notorious soap opera.

Not all of his own doing, but certainly with the President at centre stage.

First Remgro was in, then out. Next Investec was the saviour and then the villain. Flyt/DreamWorld next took up the baton in the Newlands redevelopment race, with MVM Holdings set to run the final leg in regaining some lost lustre for this lumbering giant.

On the fringes of all these melodramatic developments are the power plays.

In the last week alone there were two threads – one that suggested the union (WPRFU) was ready to ‘sell’ a controlling share (of 51 percent) of the company, WP Rugby, to MVM Holdings and another that suggested the Marais camp is NOT willing to cede power to the Yanks because the US$6-million (just over ZAR100-million) is actually a loan and not an investment.

Now add in the scuttlebutt that there is an attempt to transform the union and company – with the most baroque whispers suggesting it is an attempt to rid the Cape Town outfit of all ‘white’ officials.

Then there is the rumblings that at the heart of the horse-trading between WPRFU and MVM Holdings (a company fronted by Durban-born lawyer Marco Masotti) is the clause of who will wield the big stick in key issues – such as appointing coaches and recruiting players.

Another big hurdle is getting the clubs – owners of all the WPRFU assets and currently 100 percent shareholders of WP Rugby (the company) – to cede power to a foreign entity.

For good measure, there are rumblings that the sponsors and players are also piling on the pressure on the union for a ‘settlement’ with the Yanks.

However, if it is a ‘loan’ and not an ‘investment’ – as one dispatch suggested this week – why would WPRFU (or the clubs) give a controlling share to the Yanks, as a rival report claimed.

As it stands, the company (WP Rugby) is indebted to WPRFU – the sole shareholder of the company and the owner of all the assets, read property portfolio. That debt, more than ZAR70-million, is the result of advances by WPRFU to keep the company solvent.

Are you confused yet?

I’m sure the developments, statements and rumours in the next few weeks will succeed in baffling your brains.
https://rugby365.com/opinion/second-pha ... -wp-rugby/
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Re: WP Rugby - More sh...t to hit the fan

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The truculent and fractious Westerns Province Rugby Football Union boardroom saga has taken another dramatic turn.

It has been confirmed that the representatives of the WPRFU’s two main sponsors – DHL and BrightRock – have resigned as directors of the board of Western Province Professional Rugby (Pty) Ltd.

WPRFU confirmed that President Zelt Marais and Chairman of the Board of Directors Ebrahim Rasool will hold a virtual media conference on Wednesday to address the resignation of the two sponsorship directors.

@rugby365com has learnt that Hennie Heymans (DHL) and Suzanne Stevens (BrightRock) are the two who handed in their resignations this week.

They are the fourth and fifth members of the board of the professional arm, WPPR, to have departed under a cloud since June.

The boardroom battles started much earlier, but really escalated in June – when Kevin Kiewitz walked away from the union in protest over their handling of negotiations with Investec.

That followed when two independent directors of the board, Johan van der Merwe and Andre van der Veen, were told in August their services were no longer required. Their terms of office came to an end and at the board AGM, it was decided not to extend their terms.

Van der Merwe was replaced as Chairman of the board of WPPR (Pty) Ltd by political firebrand Ebrahim Rasool.

In September Raymond van Niekerk handed in his resignation, ostensibly because he has had enough of the boardroom politics. He indicated that the unwillingness of WPRFU too offer Van der Merwe and Van der Veen new terms was key to the decision.

And this week Heymans and Stevens handed in their resignations.

The boardroom drama had a number of sub-plots.

There was the decision to walk away from negotiations with Investec – resulting in the need to repay ZAR112-million in loans to Remgro and Investec – signing a Newlands development deal with the Flyt group and getting a new loan from Dream World, while starting negotiations with an American consortium, MVM Holdings, as a possible equity partner.

It has since been suggested that WPRFU are also about to walk away from the Flyt deal, although Marais has not yet responded to any requests for comment on the reports.

It also appears the negotiations with the American consortium, headed by South African-born-and-bred American lawyer Marco V Masotti, have stalled.

It is reported that the resignations of the sponsors are directly linked to the unwillingness of WPRFU to speedily conclude the negotiations with Masotti’s consortium.

@rugby365com has reliably learnt that Rasool, the new Chairman of the board of WP Professional Rugby (Pty) Ltd, is working on alternative options.

It is believed Rasool, as head of the professional arm of the WPRFU, is courting his connections in the trade union Nehawu.

These questions will, hopefully, be addressed at Wednesday’s media briefing
https://rugby365.com/countries/south-af ... -on-wprfu/
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Re: WP Rugby - More sh...t to hit the fan

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Following a weekly management committee meeting on Wednesday, WP Rugby president Zelt Marais and chairman of the board of directors Ebrahim Rasool will address the resignation of two sponsorship directors.

It’s believed that Hennie Heymans and Suzanne Stevens, who represent two main sponsors – DHL and BrightRock, respectively – are the latest to resign as directors of the board of Western Province Professional Rugby (Pty) Ltd.

This follows the news at the end of August that Johan van der Merwe and Andre van der Veen had parted ways as independent directors on the board of WPPR.

Add to this the departure of Kevin Kiewitz from the executive committee in protest over the handling of a deal with Investec related to the redevelopment of Newlands, while Raymond van Niekerk resigned in September as an independent director – firing a few parting shots on his way out.

Following the latest resignations of Heymans and Stevens, it’s been confirmed that Marais and Rasool will hold a virtual media conference on Wednesday to address the departures.
https://www.sarugbymag.co.za/two-sponso ... -wp-rugby/
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Re: WP Rugby - More sh...t to hit the fan

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In a marathon media session in which Rasool – along with Western Province Rugby Football Union President Zelt Marais – touched on various subjects, he dismissed the notion that the recent boardroom drama is an indication of a union in decline.

“We feel absolutely confident that Western Province’s greatest years may be ahead of it,” Rasool told the media – despite the departure of five members of the board of the professional arm, WPPR, since June.

“We think we have the wherewithal to turn the post-COVID-19 period into one of leadership for rugby in the Western Cape,” he added.

Rasool confirmed the departure of the two sponsorship representatives – Hennie Heymans (DHL) and Suzanne Stevens (BrightRock) – as directors of the board of the professional arm of WPRFU.

Rasool thanked the sponsors for sticking with them through these trying times, dismissing the notion that the departure of their representatives mean the sponsors are also heading for the exit door.

He added that they are “banking” on continuing the “fruitful” relationship with their sponsors.

In fact, Rasool sees the departures as an opportunity to “refresh” the board.

“To quote Albert Einstein: ‘In the middle of difficulty, lies opportunity’.

“While we can’t change the decisions of the two people who resigned, our task is to look for the opportunity within that.

“We have the opportunity to regularise the board, to ensure we bring in particular skills. Given the difficult times we live in, we need a board member who could ensure we have financial and legal depth in the functioning of the board.

“We need people who understand what sport, rugby and WP will look like in a post-COVID period.”

He also suggested that it allows them to meet the union’s transformation targets.

“Secondly, it helps to get the demographics of the board a lot more representative,” Rasool said.

“I think we need women and we need more black people.

“If that coincides with the skills we require, that would be a happy marriage. We need to regularise the relationship between ourselves and our sponsors.”

He said it is “strange” that sponsors have directors on the board of a rugby company.

“We have an opportunity to have the union [and] the board on the one side and sponsor relationship on the other side.

“I feel we are going to find [an] opportunity out of the difficult situation [created] by the resignation of Hennie Heymans and Suzanne Stevens. They will be missed, but they will be replaced.”

He said they are working at putting the union on a solid financial sound footing with ‘multiple options’ on the table.

“We have conveyed that to the players,” he said, adding that they will be negotiating contracts with the players over the next two months.

The departure Heymans and Stevens are the fourth and fifth members of the board of the professional arm, WPPR, to have departed under a cloud since June.

The boardroom battles started much earlier, but really escalated in June – when Kevin Kiewitz walked away from the union in protest over their handling of negotiations with Investec.

That followed when two independent directors of the board, Johan van der Merwe and Andre van der Veen, were told in August their services were no longer required. Their terms of office came to an end and at the board AGM it was decided not to extend their terms.

Van der Merwe was replaced as Chairman of the board of WPPR (Pty) Ltd by Rasool.

In September Raymond van Niekerk handed in his resignation, ostensibly because he has had enough of the boardroom politics. He indicated that the unwillingness of WPRFU too offer Van der Merwe and Van der Veen new terms was key to the decision.
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Re: WP Rugby - More sh...t to hit the fan

Post by OomStruisbaai »

IOL
.Zelt Marais: Sufficient cash to keep Boks, but WP seek ‘long-term marriage’ with equity partner
By Ashfak Mohamed Time of article published 12h ago


CAPE TOWN - Western Province Rugby Football Union president Zelt Marais has assured Stormers fans that despite the ongoing boardroom challenges, the big-name Springboks at the union will be able to remain in the Cape if they wish to do so.

WP Rugby are still in negotiations with American consortium MVM Holdings to become shareholders, but Marais also stated during an online press conference on Wednesday that the union are open to discussing those options with other potential equity partners and investors.


The exclusivity agreement with MVM, headed by former Durban businessman Marco Masotti, has lapsed, but Marais and WP board chairman Ebrahim Rasool were at pains to explain that they were still in talks with MVM.

In addition, two representatives of current sponsors DHL and BrightRock, Hennie Heymans and Suzanne Stevens, resigned from the WP board this week, but the WP bosses insisted that it had nothing to do with the delay in concluding an investment deal.

The major worry is that the uncertainty could result in the Stormers and WP losing stars such as captain Siya Kolisi, World Player of the Year Pieter-Steph du Toit, and front-rowers Steven Kitshoff, Bongi Mbonambi and Frans Malherbe to overseas clubs, but Marais was having none of it.


“We can give the assurance that we will retain our top-performing players, and we sincerely hope that we don’t incur any injuries along the way, because we have invested heavily (in them),” the WP president said.

“The clubs personally have invested a lot in those players last year, prior to the World Cup – and if Western Province, via its clubs, did not invest in those players in 2019, there would have been no World Cup today in South Africa.

“That is the commitment that the clubs have given us and to South Africa – that we care in terms of what we do, and we give the assurance that we will retain all our top players on a continuous basis. And even into perpetuity.

“There is sufficient cash-flow going forward for us in the short and medium-term. We are having ongoing meetings with SA Rugby, and there are various measures, even from the World Rugby side.”


This is a long-term marriage, and sometimes the dollars might be flashing and look nice, but the short-term greed could be a long-term disaster, according to Zelt Marais. Photo: Karen Sandison/African News Agency (ANA)
MVM Holdings have made an initial offer in the region of R100 million for a 51 percent stake in the WP professional arm, but that evaluation seems well short of what the brand is worth, and Marais noted that his union won’t just be chasing the “dollars”.

He confirmed that loans worth R112 million from Remgro and Investec have been paid back, following the agreement with Flyt Property Investment, who are their partners in developments at Newlands and Brookside.

Marais explained that the Brookside development could take up to two or three years to start due to a rezoning process, while Newlands may have to wait about four years, with completion in phases over seven to 10 years.

But in the next few months, WP are looking to finalise an equity partner. Rasool stated that he will write to Masotti and the MVM consortium to ask for a proper proposal document, and that there could be a “decisive meeting which says aye or nay” between the two parties in South Africa in November.

“We are looking for an equity partner – not only as an investor, but a person that specifically can add value in economic terms and committed legally, and a win-win for both parties; not just with warm words,” Marais said.

“This is a long-term marriage, and sometimes the dollars might be flashing and look nice, but the short-term greed could be a long-term disaster. So, we must be very sure in terms of where we go and how we do it, so that we do our best for the constituencies we serve and for rugby in South Africa.

“Western Province are probably in a better position than probably most of the other franchises, as we are the only organisation and shareholder that has a back-up asset base that is second to none.

“We don’t want to merely dispose of those things, but unlock the values and ensure there is long-term sustainability for the organisations.

“In terms of the (property) deals, we are not renegotiating anything, but just tuning the fine points of the agreement as part of our fiduciary duty to our shareholders, to ensure it’s done in the best interests of all parties.”
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Re: WP Rugby - More sh...t to hit the fan

Post by Jensrsa »

Fractious Western Province Professional Rugby Chairman Ebrahim Rasool caused a big stir with his recent suggestion that the agreement for the redevelopment of the Newlands and Brookside properties is NOT a done deal.

Rasool told a local webinar that the redevelopment agreement with Flyt and negotiations with American consortium MVM are “ongoing matters”.

As he did in a recent virtual media briefing, while flanked by WP Rugby Football Union President Zelt Marais, the silver-tongued former ambassador painted a picture of financial bliss.

He also spoke of the “unlocking of assets on many fronts”.

Marais, in the same media briefing, was adamant that they have “sufficient cash flow” in the short to medium term.

He added that there was no critical rush to wrap up any of the deals and reiterated that they are not willing to give up control to the American consortium – speaking of a partnership where they will make “joint decisions”.

However, it was Rasool’s claim – made in a media briefing and repeated in a webinar – that the Flyt deal is not set in stone that elicited a firm response from the property developer.

Rasool, in a webinar with the United Coalition for Sport and Community Based Organizations, was adamant that the Flyt deal will be taken back to the lawyers.

“We will have our lawyers examine the Flyt proposal, regarding Newlands or other properties,” Rasool told the webinar.

“Again, [we will] subject it to due diligence.

“If it flies, it flies. If it doesn’t, we will look for a better deal from them or alternatives to them.

“That is the only way we can go forward.”

However, Zane De Decker, Managing Director of Flyt Property Investments, is adamant there is no turning back.

He told @rugby365com that the development companies, to oversee the redevelopment of Newlands and Brookside, have already been formed.

De Decker added that bonds have also been raised on Newlands and Brookside to secure the ZAR112-million loan to WPRFU through a subsidiary Flyt company called DreamWorld Investments.

“There are currently no ongoing discussions around the terms and conditions for the developments,” De Decker told @rugby365com.

He added that, despite Rasool’s claims, due diligence was done before the agreement was signed.

Asked if there is a way for WPRFU to walk away from the deal, his answer was a blunt ‘no’.

“The deal has been concluded and there are no further conditions to be met,” the Flyt owner said.

“We have not been asked by the union [WPRFU] to make any specific changes.”

He confirmed that it will require approximately four years to obtain zoning rights and then another three to five years to execute the redevelopment.
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Re: WP Rugby - More sh...t to hit the fan

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MVM Holdings could walk away from a potential investment in WP Rugby unless there is a clear willingness to cede majority control.

New York-based businessman Marco Masotti, head of MVM consortium, has shown an expression of interest to invest $6 million (almost R100m) in WP Rugby. Earlier in the week, SARugbymag.co.za reported that Masotti is set to be in Cape Town from 12-17 November, and plans to meet with the likes of WP Rugby president Zelt Marais.
One way or another, Yormark said it’s all going to come to a head this weekend.
‘I will ask a simple question at the beginning of the meeting, which is: ‘Are you willing to sell majority control of the Stormers?’ If the answer is ‘no’, then the meeting is over. If the answer is ‘yes’, then let’s discuss the terms.
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Re: WP Rugby - More sh...t to hit the fan

Post by Average Joe »

Who's left that is stupid enough to want to do business with these people?
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Re: WP Rugby - More sh...t to hit the fan

Post by handyman »

Is it today that we hear who will run the biggest and best union in Africa?
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Re: WP Rugby - More sh...t to hit the fan

Post by Jensrsa »

American consortium MVM Holdings could look to close an investment with the Sharks as a viable alternative if sluggish talks with WP Rugby continue to stall. CRAIG LEWIS reports.

In mid-November, a news release – adorned with a metaphorical silver lining – suggested that negotiations with MVM Holdings were going ahead following a positive meeting between the parties in Cape Town.

WP Professional Rugby chairman Ebrahim Rasool and WPRFU president Zelt Marais met with prospective investors Marco Masotti and Michael Yormark, president of Roc Nation’s sports department, and a member of the consortium.

In the weeks leading up to the face-to-face, reports had gathered momentum intimating that the proposed $6-million deal was in danger of falling through because of a breakdown in negotiations.

However, Marais later insisted that there had been a ‘very productive meeting of the minds’ and suggested that ‘all the misunderstandings we had before’ had been cleared up.

Yet, SARugbymag.co.za has reliably learned that there has been no further communication between the various parties since the meeting and subsequent proclamations that ‘WPRFU had agreed a negotiations framework with MVM that is based on mutual respect and appreciation’.

When this website approached Marais on what the next steps and timeline would be for the deal to progress, he stated that it was ‘still in progress’, but that they were awaiting the draft PRO16 and Test fixtures for 2021 and beyond.

It remains to be seen when this will be finalised in totality, but it would appear that yet more patience and perseverance would then be required on the part of the American investors to remain committed to getting the deal with WPRFU across the line.

All the while it appears that WP bosses remain reticent to cede control of its business wing to MVM, which has always remained a non-negotiable deal-breaker or deal-maker for the investors.

SARugbymag.co.za has now reliably learned from three impeccable individual sources that MVM continues to look at alternative options, and discussions are well under way to consider a shareholding in the Durban-based franchise.

It’s an alternative option that has been reported quite some time ago, but with the ‘exclusivity agreement’ with WP Rugby having ended earlier several weeks ago, MVM have naturally explored other options – with a foothold in Durban holding its own albeit different appeal.

The fallout could be significant in WP Rugby circles if the deal is unable to go ahead after months of being in the spotlight, with a number of the Stormers’ senior players widely reported to be unwilling to negotiate contract extensions until there is certainty about the financial security of the business wing.

Netwerk24 has even reported that should the deal switch from Cape Town to Durban that someone such as Siya Kolisi – a high-profile Roc Nation representative – could be drawn to the Sharks, but that may be a premature possibility at this stage.

Just recently, though, veteran loose forward Josh Strauss revealed how a potential move to WP had fallen through and admitted he struggled to understand why there was reluctance to accept the deal with a private investor.

‘I’m not that clued up with what’s going on off the field at WP. However, I’ve heard things have been boycotted and now it’s a back and forth,’ he told Sport24. ‘I don’t have the financial statements in front of me, but reading between the lines I don’t think things are going brilliantly financially for the union.

‘I don’t really see why they wouldn’t take the investment deal. WP is a great union and Cape Town is a beautiful city. It should be one of the greatest places in the world to play rugby, but for it to work you need the financial side to be right.’

What further beggars belief is the fact while Masotti was in Cape Town, SARugbymag.co.za ratified that he was informed by Marais that he’d have to pay $10,000 to WP Rugby should he wish to conduct a tour of Cape Town Stadium, where the Stormers and Western Province will play their rugby from next year.

Ultimately, when all the dust settles, it appears that WP Rugby’s loss could well turn out to be the Sharks’ gain.
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Re: WP Rugby - More sh...t to hit the fan

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BREAKING NEWS: The Flyt marriage with the Western Province Rugby Football Union is officially on the rocks.

Flyt CEO Zane de Decker announced on Thursday that it was to claim ‘damages’ from WPRFU, over the latter’s decision to renege on the deal the two groups signed in June.

ISSUED BY ZANE DE DECKER, CEO OF FLYT PROPERTY INVESTMENT

FLYT TO CLAIM DAMAGES AFTER WPRFU RENEGES ON AGREEMENT
10 December 2020

Today, Flyt Property Investment and an associated company Dream World Investments (‘the Flyt Group’) formally lodged a claim with the Western Province Rugby Football Union for damages. The claim arises from WPRFU’s repudiation and breach of the binding agreements it concluded with the Flyt Group in June 2020 for the intended development of the Newlands rugby stadium and other properties owned by WPRFU.

The WPRFU approached the Flyt Group seeking a R112 million loan to settle its looming debts and to conclude a development agreement in June 2020. This was just 30 days before its existing outstanding repayment obligations to Investec and Remgro for R112 million were due. The Flyt Group’s strong balance sheet and ability to fund a deal of this magnitude without bank finance – and the associated delays – meant that it could move swiftly to consider advancing the funds that WPRFU was seeking.

The Flyt Group and WPRFU’s legal teams and advisors worked 24/7 during June to negotiate a deal that suited both parties. It is well known that the development transaction between WPRFU and the Flyt Group that was validly concluded in July 2020 would use the WPRFU assets, including the land on which Newlands rugby stadium and Brookside rugby club are situated, more efficiently for the Union’s short, medium and long-term economic viability. Critically, the concluded deal would provide the WPRFU with a much-needed and sustainable financial lifeline as a 50:50 partner in all economic benefits derived from the development in the future.

WPRFU President Zelt Marais called the successfully concluded transaction “the deal of the century”. It therefore comes as a surprise that the WPRFU now appear to be seeking a way out of the deal that it sought and on a land value which it determined, which was also concluded after a comprehensive and transparent approval process.

WPRFU and the Flyt Group concluded valid agreements on 10 July 2020 after all required WPRFU forums supported the deal by an “overwhelming majority”. The WPRFU’s financial advisors presented a comprehensive analysis to the various decision-making bodies of the Union that approved the transaction. This included the Council on 30 June 2020, the Union on 8 July 2020, the Executive Committee on 8 July 2020, and the Trustees on 9 July 2020. The entire process was overseen and guided by the WPRFU’s legal team at STBB, its auditors BDO and its professional advisory team.

The Flyt Group has met all requirements of the agreements to date. These include the payment of the R112 million secured loan to WPRFU; the incorporation of the Newlands and Brookside DevCos; and the appointment of a board of directors for both companies, who had started to conduct meetings of the companies to plan for the intended developments.

Despite compliance by the Flyt Group with the agreements concluded, the WPRFU has inexplicably chosen to replace STBB as its legal advisors with a new litigation attorney, and has deliberately reneged on the transaction. The WPRFU has done so by now objecting to the agreed land value forming part of the substance of the transaction, and through its conduct is acting in flagrant disregard for the binding nature of the agreements.

It is important to point out that the land value agreed on was proposed by the WPRFU, not the Flyt Group. This value has subsequently been incorporated into the Newlands and Brookside DevCo’s that are co-owned by the WPRFU and the Flyt Group. To demand that the price be increased six months after the deal has been concluded is simply outrageous.

The Flyt Group has taken comprehensive legal advice from senior counsel, and is assured of its rights under the agreements duly concluded with the WPRFU. Accordingly, the Flyt Group will now institute a claim for damages under the agreements as it is entitled to do.

The Flyt Group is in the process of quantifying its considerable damages which, in addition to its direct costs, will include the losses sustained as a result of the lost opportunity to develop both the Newlands Stadium and Brookside property as the parties intended.

The Flyt Group had looked forward to working with the WPRFU to co-develop the Newlands and Brookside properties and in this way support the Union’s commitment to bolstering rugby in poorer communities and ensuring a sustainable future for Western Province rugby.

However, If WPRFU fails to compensate the Flyt Group for its damages, it will have no choice but to approach the appropriate forum for relief to compel payment. This will include calling up the secured loans that the Flyt Group holds over the Newlands stadium and other properties.

ENDS.
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Re: WP Rugby - More sh...t to hit the fan

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American consortium MVM Holdings has confirmed it will cease negotiations with WPRFU and pursue other opportunities in professional rugby. CRAIG LEWIS reports.

This follows the statement on Thursday from Flyt CEO Zane de Decker, who confirmed they will seek to claim ‘damages’ from the Western Province Rugby Football Union over reneging on an agreement signed in June 2020.

In addition to this, it’s now been confirmed that the potential $6-million deal with MVM will not go ahead.

‘Given the recent media speculation, we thought it was important to the players, coaches, management, sponsors and supporters of Western Province rugby to share that MVM Holdings has decided to cease negotiations with WPRFU and to pursue other opportunities in professional rugby,’ read a statement sent to SARugbymag.co.za from Marco Masotti, head of MVM, on Thursday.

‘We are enormously grateful for the time and resources made available to us by WPRFU while considering to invest in such an established professional franchise. We remain passionate about the development of the professional and amateur game in the Western Cape.

‘It has been an enormous privilege to get to know the many and diverse Stormers Faithful on our journey. We will continue to treasure the traditions and history of this incredible franchise. I will always be a fan of Western Province rugby and hope for the continued success of our beloved rugby game in the Western Cape.’

As reported by this website on Tuesday, MVM Holdings could now look to close an investment with the Sharks as a viable alternative, with discussions well under way to consider a shareholding in the Durban-based franchise.

Meanwhile, in WP Rugby circles, the fallout could be significant considering a number of the Stormers’ senior players are widely reported to be unwilling to negotiate contract extensions until there is certainty about the financial security of the business wing.

On Tuesday, Netwerk24 even reported that should the potential deal between American consortium MVM Holdings and the Sharks go through, someone such as Province and Bok captain Siya Kolisi – a high-profile Roc Nation representative – could be drawn to move to Durban.

When addressing these rumours, WP coach John Dobson suggested it may just be ‘smoke’ at this moment, but did not entirely rule it out.

‘Siya is our leader. I literally asked Siya yesterday [Tuesday] if we need to have a chat and he said, “Let’s get through Friday”, which is the responsible and mature thing. I don’t think there is anything formal. There can be nothing formal until the contracting window starts. At this stage, I would think the Siya thing is just smoke.’
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Re: WP Rugby - More sh...t to hit the fan

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SA Rugby has reportedly warned Western Province Rugby that they will be forced to intervene if the situation at the rugby union does not improve.

According to Sunday newspaper Rapport, officials from SA Rugby held an ’emergency meeting’ with Zelt Marais, the president of the Western Province Rugby Football Union (WPRFU), and Western Province’s business wing on Friday.

The report states that SA Rugby has threatened the WPRFU with a takeover of its operations if the union’s current problems are not resolved. This comes after a letter, supported by Western Province’s senior clubs, was reportedly sent to SA Rugby asking them to intervene.

There are concerns that Western Province Rugby could be staring at a financial collapse, especially as they face a huge damages claim after attempting to withdraw from an agreement with Flyt Property to redevelop Newlands Stadium.

Meanwhile, WP Rugby have continued their search for a new chief executive officer and reportedly approached both Eduard Coetzee and Edgar Rathbone to gauged their interest in the vacant position.

However, according to Rapport, both the Sharks and Vodacom Bulls CEOs turned them down. WP Rugby has been without a CEO since parting ways with Paul Zacks in early 2020. Junaid Moerat appeared set to be appointed as an interim CEO, but was suspended for allegedly leaking information to the media.
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