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Remgro quitting WP Rugby ‘an excuse’

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Aerios CEO Costas Constantinou (Supplied)
Aerios CEO Costas Constantinou (Supplied)

Cape Town - Aerios, the company at the centre of a multimillion-rand dispute with WP Rugby over advertising rights deals - their damages claim now stands at a staggering R276m - says Remgro withdrawing their financial support at Newlands represents “failure to tell the whole story”.

READ: Remgro pull-out: WP's Wakefield speaks

The powerful investment company backers of WP confirmed late last week, through CEO Jannie Durand, that they would not be converting loans to the union into stake-holding, and would seek payback as a result of some R40m which helped pay staff and player salaries during the much-publicised cash crisis last year.

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