Super Rugby

WP council votes in favour of Flyt deal, Newlands development partnership

Newlands rugby stadium (Gallo)
Newlands rugby stadium (Gallo)
  • WPRFU council votes in favour of forming a partnership with Flyt Property Investment
  • Union will receive a loan of R112 million that it must pay back within four years, while it will also receive 50% of any profits generated from the Newlands development
  • WPRFU president Zelt Marais believes the deal will "allow the union to unlock the value in its properties, so it can invest in the long-term development of clubs and players in the province"


The Western Province Rugby Football Union (WPRFU) council on Tuesday night voted in favour its a partnership with Flyt Property Investment.

The deal will now need to be ratified at a special general meeting on 8 July that would see it all the way over the line. 

WP now stands to receive a loan of R112 million from Dream World Investments - a company within the Flyt group - that would be used by the union to pay off its outstanding debts to Remgro and Investec. 

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