Patrice Motsepe wants a stake in Blue Bulls

[ForceFate]

Patrice Motsepe wants a stake in Blue Bulls | Citypress

Mamelodi Sundowns president Patrice Motsepe, one of South Africa’s richest businesspeople, could soon acquire half of a controlling share in the Blue Bulls rugby franchise.

city-press.news24.com

Mamelodi Sundowns president Patrice Motsepe, one of South Africa’s richest businesspeople, could soon acquire half of a controlling share in the Blue Bulls rugby franchise.

Billionaire Johann Rupert’s Remgro presently owns 50% of the Blue Bulls Company, but City Press’ sister publication, Rapport, has learnt that the mining magnate’s African Rainbow Capital has put in a joint offer alongside Remgro to purchase a controlling stake in the business.

This monetary injection could give the Bulls the chance to compete with some of Europe’s biggest rugby clubs on an equal footing, and enable them to keep their best players in South Africa.

 

[NarrowBandFtw]

great, now we can take dumbfahk crashball rugby to the next level of dumber, harder, crashball rugby

 

[surface]

 

[upup]

Would like to see the race factor in the team, when he is boss.

 

[yebocan]

Blue Bulls vandag, Buffaloes môre...

 

[TheChamp]

Blue Bulls and Mamelodi Sundown, that's a monopoly on Pretoria sports.

What happened with Gumede and the Lions?

 

[ponder]

Blue Bulls and Mamelodi Sundown, that's a monopoly on Pretoria sports.

It's not a monopoly when anybody can bid for them. Hopefully, he uses them as farm labourers in his new initiative...

 

[Vrotappel]

I am conflicted...

 

[Splinter]

This should prove interesting for the brannewyn brigade...

 

[hungrymamba]

With his financial muscle and business acumen, he could actually Make Blue Bulls Great Again. Look at what he has done at Mamelodi Sundowns FC, now the team is a force to be reckoned with nationally, continentally and globally - He does not get personally involved with day-to-day running of the club like most 'bosses'...

 

[cr@zydude]

With his financial muscle and business acumen, he could actually Make Blue Bulls Great Again. Look at what he has done at Mamelodi Sundowns FC, now the team is a force to be reckoned with nationally, continentally and globally - He does not get personally involved with day-to-day running of the club like most 'bosses'...

Absolutely, he is a hands off owner at Sundowns. He is titled as club president but many signs checks and picks up trophies.

The head coach runs the on field issues, the GM other football issues and a board runs the rest. I suspect that he will do something similar at the Blue Bulls.

 

[surface]

This should prove interesting for the brannewyn brigade...

Isn't that a racist word? Asking for a friend.

 

[Splinter]

Isn't that a racist word? Asking for a friend.

Not that I know of. Or maybe it depends on what colour you are when you say it.

SAHRC may be able to answer your friend more authoritatively though

 

[TheChamp]

Patrice Motsepe now owns 37% of the Blue Bulls

CAPE TOWN - The Blue Bulls Company have on Friday announced Mamelodi Sundowns owner Patrice Motsepe as their new shareholder.

Bulls confirmed that the deal was unanimously concluded on Thursday at a meeting held at Loftus Versfeld.

The new structure will mean that existing shareholders Remgro and the Blue Bulls Rugby Union (BBRU) reduce their previously equal percentage of shareholding from 50% each to 37% and 26% respectively, allowing Motsepe to buy in the remaining 37%.

Patrice Motsepe now owns 37% of the Blue Bulls

Blue Bulls confirmed that the deal was unanimously concluded on Thursday evening at a meeting held at Loftus Versfeld.

ewn.co.za

 

[JustAsk]

Patrice Motsepe now owns 37% of the Blue Bulls

Lol. First the dstv debackle, now this. Steve Hofmeyer will be pissed...

 

[ToxicBunny]

Lol. First the dstv debackle, now this. Steve Hofmeyer will be pissed...

Steve would be daft to be pissed about this...

Patrice is an astute businessman and his input can only help the Blue Bulls be better as a commercial entity.

 

[ForceFate]

Steve would be daft to be pissed about this...

Patrice is an astute businessman and his input can only help the Blue Bulls be better as a commercial entity.

That's what a rational man would say. Steve doesn't strike me as a rational fella.