The South African Rugby Union (Saru) will rely heavily on government’s financial assistance for their 2015 and 2019 World Cup bids.
Saru president Oregan Hoskins, told Die Burger that the International Rugby Board (IRB) requires guarantees in the region of between £80-million and £100-million from member countries interested in bidding for the respective tournaments. Hoskins has already met with sports minister Makhenkesi Stofile to discuss the issue.
“If the government says no, your bid is dead. No union can put up that kind of guarantee on its own,” said Hoskins.
“We had preliminary talks about it with the minister in the meeting where the Springbok emblem was discussed. The IRB’s leadership would like to meet with him as soon as possible. We were really pleased with the minister’s positive attitude in the last meeting.
“The benefit to the country’s economy far outweighs the financial guarantee. South Africa will have new stadiums thanks to the soccer World Cup and will be in a good position.”
The issue will be raised at Saru’s presidents council meets on 21 January.