According to Sunday Newspaper Rapport, SA Rugby have been in talks with CVC Capital Partners for an equity partner.
This could see millions of rands being pumped into SA Rugby if this deal get signed.
According to Rapport SA Rugby CEO, Jurie Roux informed the provincial unions last week in a virtual meeting about Project Elegance.
The rumors are that CVC Capital will acquire a 20% stake in the commercial arm of SA Rugby.
CVC Capital already has a 28% stake in the Guinness PRO14 and a 27% stake in the Gallagher Premiership worth millions. At this moment in time it seems the only way for SA Rugby to stay financially sustainable.
We will keep a close eye on how this story develop