Blue Bulls thrilled with Motsepe deal

Mining magnate Patrice Motsepe has sealed the deal and now owns equal majority shares of the Blue Bulls Company.

Last month, it was reported that Remgro boss Johann Rupert and Motsepe were looking to make a joint offer to gain a majority share.

However, the Blue Bulls Company confirmed yesterday that existing shareholders Remgro and the Blue Bulls Rugby Union (BBRU) have reduced their previously equal percentage of shareholding from 50% each to 37% and 26% respectively.

The deal was unanimously concluded on Thursday at a meeting at Loftus Versfeld, which sees Motsepe owning the remaining 37% of the Pretoria franchise.

Motsepe is undoubtedly a visionary in the business world and has often been quoted as saying: “If we continue doing the right things in Africa, we can create a very exciting and competitive global market here.”

He is well-known as the owner of Absa Premiership glamour club Mamelodi Sundowns, who often play their home games at Loftus Versfeld, the Bulls’ headquarters.

BBRU President Willem Strauss expressed his delight with the new signing.

“We put a lot of effort into making this possible over the last few months, and I am proud to say that all the union committee members unanimously voted in favour of the deal,” he said.

“I firmly believe private investors will add immense value to our beautiful game going forward. The benefits of this deal is not only to the Blue Bulls Company at the professional level, it will also make a positive impact on our amateur rugby, at schools, clubs and development levels. We are privileged and excited to have partners like Motsepe in our corner.”

Alfons Meyer, CEO of the Blue Bulls Company, is looking forward to the synergies that the new partnership brings.

“This is a brilliant deal, not only for us but also for our communities and sport in general. I look forward to a host of opportunities that will be forged between us. With Motsepe also owning Sundowns, there is no doubt this relationship will further enhance and entrench our vision to make Tshwane the sporting capital.”

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