The Spears will almost certainly not play in next year’s Vodacom Super 14.
SA Rugby’s acting MD Basil Haddad told Beeld’s Liam del Carme there were verbal agreements with EP and SWD, as well as Sail, to acquire shares in the unions that constitute franchise.
With a 50% share in the three unions, SA Rugby will have the right to make appointments to the Spears board and effectively withdraw the side from the Super 14.
“We have already come to an agreement with Border. They have signed and we have received the documents,” Haddad told Beeld. “We have agreed verbally with EP and SWD on several occasions There are some unfinished matters we have to look at, but that should not implicate the purchasing of the shares.”
SA Rugby is on Tuesday applying for leave to appeal against the August findings by Judge Dennis Davis that said the Spears had a legal right to play Currie Cup and Super 14 rugby. Spears CEO Tony McKeever said he was confident of winning again.