R365
BREAKING NEWS: The Western Province Rugby Football Union and South African Rugby Union announced on Thursday that the Newlands Rugby Stadium was to be placed on the market in a sealed bidding process.
The administrator appointed by SARU to regularise the affairs of the union, Rian Oberholzer, has retained an external consultancy to ensure the process is transparent and judged entirely on commercial merits.
Oberholzer first hinted at the ‘sale’ of Newlands in a recent letter to the clubs – reported on exclusively by @rugby365com earlier this month!
(Continue below …)
Extract-from-Rian-Oberholzer-letter-on-Newlands
In a statement, SARU & WPRFU said entities wishing to pursue an interest in bidding may request details of the property and the terms and conditions of the bidding process from Galetti (Pty) Limited.
“This is the cleanest, fairest and most transparent method by which to hopefully secure the sale of Newlands to assist in the long-term sustainability of the Union,” an SA Rugby spokesperson said in the statement.
“We are now in a position where we can proceed to a sale, having taken some time to understand and untangle the various sale conversations that had taken place.”
The spokesperson said that the sealed bid process was the most transparent method to ensure the best possible outcome for WPRFU and the prospective purchaser.