KSA Shark ©

Saru hands out cash


Written by Andre Bosch (KSA Shark ©)

Posted in :In the news on 7 Sep 2008 at 07:17
Tagged with :

The South African Rugby Union (Saru) distributed the first instalment of advance loans to its cash-strapped provincial unions this week in a bid to alleviate their financial pressure.

Simnikiwe Xabanisa writes in the Sunday Times that the money, which the Presidents’ Council decided to grant at their meeting last week, has been given to 10 of the 14 provinces. Four of the bigger unions — the Sharks, Western Province, the Lions and Blue Bulls — have declined the assistance.

The amounts given out this week are only 40% of the agreed R2.1m, with the remainder scheduled to be doled out if the board approves the council’s decision at their September 15 meeting.

Speaking from the IRB conference in Ireland on Friday, Saru president Oregan Hoskins explained that the money, which was originally supposed to come from Supersport’s R30-million advance for the broadcasting rights of the Currie Cup beginning in 2011, was being sourced from company reserves.

“We’d agreed to distribute the R30-million and divide it into 14, but on condition that each province signs a consent form allowing Supersport full access to their grounds post 2010,” he said. “But the four provinces (which have declined the loan) wanted to find out what full access meant .

“ We decided to overcome their not signing by advancing a loan at this stage, with the board to approve the rest at their meeting.”

The confusing thing about the deal is that Jonathan Stones and Mpumelelo Tshume, the outgoing MD and board chairman respectively, are opposed to the idea of dipping into the company reserves to aid the smaller provinces.

Hoskins’ final message : “If the board don’t approve, then the money can’t be given out.”

But then he added that the council could technically overrule the board’s decision because the provinces were “borrowing their own money”.



21 Comments

  • I do not understand all the mumblings here. To be honest, something reeks again. :???:

  • Comment 1, posted at 07.09.08 08:09:18 by Silver Fox Reply
    Silver FoxCurrie Cup player
     
  • Oh dear. I wonder what new cars the Eastern Province management team have bought

  • Comment 2, posted at 07.09.08 08:43:06 by robdylan Reply
    Competition Winner Administrator
    robdylanHead Coach
     
  • @robdylan (Comment 2) : :lol: :lol:

  • Comment 3, posted at 07.09.08 08:50:53 by Silver Fox Reply

    Silver FoxCurrie Cup player
     
  • @robdylan (Comment 2) :

    :smile:

    At first I thought the Big 4 didn’t want the money coz they had their own, then I saw it was coz they had to give something up in return.

  • Comment 4, posted at 07.09.08 09:07:41 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • @KSA Shark © (Comment 4) : Surely you know wp has no money? :-)

  • Comment 5, posted at 07.09.08 09:20:44 by robdylan Reply
    Competition Winner Administrator
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  • @robdylan (Comment 5) :

    Yes, but if rassie stopped buying anything that can fit into a striped jersey they would have a lot.

  • Comment 6, posted at 07.09.08 09:24:14 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • How about they reward Unions that make money & not encourage them to lose money.

  • Comment 7, posted at 07.09.08 11:27:24 by McLovin Reply

    McLovinAssistant coach
     
  • If a union is not financially vialble it should close it’s doors. And/or change to amateur status.

  • Comment 8, posted at 07.09.08 11:28:57 by McLovin Reply

    McLovinAssistant coach
     
  • @McLovin (Comment 7) : Nah, the Sharks will never be so mean as to take ALL the money. :cool:

  • Comment 9, posted at 07.09.08 11:30:16 by Silver Fox Reply

    Silver FoxCurrie Cup player
     
  • If they can’t cover their current costs how are they going to repay these ‘advance loans’? Have to agree with SF above, something reeks to high heaven. Smells like amateurs making amateur decisions in a big company. :roll:

  • Comment 10, posted at 07.09.08 11:31:08 by McLovin Reply

    McLovinAssistant coach
     
  • Hola de España, amigos

  • Comment 11, posted at 07.09.08 12:28:19 by robdylan Reply
    Competition Winner Administrator
    robdylanHead Coach
     
  • ola

  • Comment 12, posted at 07.09.08 12:39:31 by PJLD(RIP Bernie Mac) Reply
    Administrator
    Clayton(PJLD)Team captain
     
  • @robdylan (Comment 11) :

    So is Spain as sunny as they say it is?

    You should be at Spa not Spain!!!!!

  • Comment 13, posted at 07.09.08 13:04:59 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • @KSA Shark © (Comment 13) :are there a grand prix today

  • Comment 14, posted at 07.09.08 13:08:20 by PJLD(RIP Bernie Mac) Reply
    Administrator
    Clayton(PJLD)Team captain
     
  • @PJLD(RIP Bernie Mac) (Comment 14) :

    yes starting in 50min

    Spa in Belgium.

    longest track in F1 at the moment.

    Also MOST spectacular track and my 2nd favourite on PS2 :wink:

  • Comment 15, posted at 07.09.08 13:12:44 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • i have to go to a kids bday paaty :nooit: luckily got the pvr set to record the rugby today. Ive only got rugby 2003 or is it 2005 on ps2…im not much of a gamer.

  • Comment 16, posted at 07.09.08 13:17:42 by PJLD(RIP Bernie Mac) Reply
    Administrator
    Clayton(PJLD)Team captain
     
  • @PJLD(RIP Bernie Mac) (Comment 16) :

    same here.

    All the games are the kids, barbie, Shrek, Flushed away, Kim possible etc.

    I only have 3 Sprintcar Racing, F1 and a Sniper game of sorts. if i could get a cricket or Rugby game I would grab em.

    I AM glad that the guys here have figured how to chip a PSP so now i can have the PS2 to myself every now and then and not have to wait until they are in bed. :wink:

  • Comment 17, posted at 07.09.08 13:27:14 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • @PJLD(RIP Bernie Mac) (Comment 16) :

    What Rugby you recording?

  • Comment 18, posted at 07.09.08 13:27:34 by KSA Shark © Reply

    KSA Shark ©Head Coach
     
  • Do you guys think that if we beat the Cheetahs we’ll finish top? What are our chances against the Lions? Didn’t see the game on Friday but the scoreline suggests they were pretty sparky.

  • Comment 19, posted at 07.09.08 16:21:25 by klempie Reply

    klempieTeam captain
     
  • from what i saw valke were more kak than the lions were flash.but then again i only watched with half an eye.len olivier still looked decent.

  • Comment 20, posted at 07.09.08 16:34:01 by PJLD(RIP Bernie Mac) Reply
    Administrator
    Clayton(PJLD)Team captain
     
  • @KSA Shark © (Comment 17) :

    I have Rugby 2008 and it shits me with the amount of programming screw-ups on the game..it could be really cool otherwise..

    The cricket on the other hand is top although there too are some programming flaws.

  • Comment 21, posted at 07.09.08 16:54:55 by CoffeeShopBok;-) Reply

    csbSuper Rugby player
     

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