Border has agreed to give Saru a 25.1% stake in the union, in exchange for Saru taking over the union’s R10 million debt.
This takes Saru one step closer to controlling the Spears franchise and ending their participation in next year’s Vodacom Super 14.
Speaking to Daily Dispatch investigative editor Eddie Botha, Border’s acting president Sakhumzi Manakaza confirmed his executiveâ€™s decision to accept SA Rugby’s offer.
Manakaza said SA Rugbyâ€™s involvement would clear Borderâ€™s debt and that it has also promised to reinvest any profits back into Border rugby. â€œSA Rugby is our mother body and it is better that it, and not someone else, is involved with Border rugby.â€
Border’s total debt also included R6 million owed to Sail.