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By Rene Vollgraaff
The deal will see Remgro reducing its share to 37.45% and Motsepe’s ARC taking up 37.45%, giving the two businessmen a controlling stake in the Pretoria-based side, the newspaper reported, without saying where it got the information. Motsepe, the country’s richest black person and a brother-in-law of President Cyril Ramaphosa, also owns Mamelodi Sundowns, a top soccer team in the country’s premier league. Rupert is South Africa’s second-richest person, with a net worth of $6.5 billion, according the Bloomberg Billionaires Index.
The Blue Bulls is South Africa’s only multiple winner of the prestigious Super Rugby competition, which includes regional teams from New Zealand, Australia and Argentina. But it has struggled in recent years with players leaving for overseas clubs who pay more.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.