Prev Game: Super Rugby Sat 6th Aug

prev game - Lions
team 1 score team 2
Hurricanes 20 - 3 Lions

Investment blow for Lions

Deal to purchase 49.9% of union falls through

Last Updated: 29/06/11 8:06am

  • Share:
Gumede: Has walked away from a deal to invest in the Lions

Gumede: Has walked away from a deal to invest in the Lions

Sky Bet

    • Retrieving latest Sky Bet odds

The Lions have been rocked by news that their billionaire investors have walked away from the union.

Guma TAC, backed by Robert Gumede and Ivor Ichikowitz, had agreed a deal to buy a 49.9 per cent stake in the Lions eight months ago.

However the duo have now terminated the deal, with GLRU president Kevin de Klerk saying: "We have worked very long and very hard at the union to deliver a workable final shareholders agreement.

"We were prepared to keep working on that process, but unfortunately the agreement could not be concluded."

  • Share:

Related

Most Popular

Features

Team of the week

Team of the week

Three Ireland internationals are joined by six Premiership players while two Top 14 hat-trick heroes battle it out for a place on the wing.

Bite Club: Ashton, Tyson, Suarez

Bite Club: Ashton, Tyson, Suarez

We look at how Chris Ashton's ban compares with other biting incidents across sports.

Pumas relishing Twickenham return

Pumas relishing Twickenham return

Argentina are ready to light up London again when they take on Australia at Twickenham, live on Sky Sports.