for subscribers

Troubled WP Rugby rocked by R72m claim

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Thelo Wakefield (Gallo)
Thelo Wakefield (Gallo)

Cape Town - Western Province Rugby is in financial meltdown - with the potential for it to deepen considerably over a potentially crippling lawsuit.

WP Rugby (Pty) Ltd had already projected at a board meeting in July to make a loss of R11.2 million for the year, but that may pale into relative insignificance if legal proceedings instituted against them by Aerios, a company whose stated commercial focus is to sell sponsorship rights predominantly in sport, are successful.

Sport24 has reliably learnt that Aerios (Pty) Ltd is claiming just over R72m from WP Rugby. The dispute centres on a sponsorship contract entered into between WP Rugby and DHL (headline sponsors of Newlands, plus the Stormers and WP) without the consent of Aerios - holders of the commercial rights of the union.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
loading... Live
Chennai Super Kings 0
Kolkata Knight Riders 53/1
Voting Booth
What is your favourite sport to watch on TV?
Please select an option Oops! Something went wrong, please try again later.
Results
Rugby
42% - 8978 votes
Cricket
11% - 2327 votes
Football
19% - 4096 votes
Athletics
2% - 529 votes
Boxing
1% - 191 votes
Cycling
2% - 499 votes
Golf
5% - 1046 votes
Motorsport
9% - 1819 votes
Tennis
3% - 727 votes
Water sports
1% - 198 votes
American sports
1% - 267 votes
MMA / WWE / UFC
3% - 680 votes
Vote