Steinhoff out of Varsity Cup

277
0
SHARE

Steinhoff is no more at Varsity Cup after they also pulled out of their sponsorship with the Blitzbokke last month.

Steinhoff CEO Marcus Jooste resigned in early December due to financial irregularities, and the company’s shares crashed by 61%.

On Wednesday it was confirmed that Steinhoff will no long sponsor South Africa’s intervarsity tournament.

The process has already begun to secure a new sponsor for the competition but for now FNB will most properly pull all the weight.

The first round of matches will commence on 29 January.

Round 1 Monday 29 January 2018

 

Facebook Comments
SHARE
avatar
Better known as Bunny, Took over after Pissant went over to the "Dark Side"