Reports yesterday confirmed that the Lions erstwhile partners, Robert Gumede’s Guma TAC group, have initiated legal proceedings against the Golden Lions Rugby Union. The issue in question seems to be an oustanding loan to the value of around R14m. [...]
Posts tagged with: Robert Gumede
Lions-Guma spat enters new phase
25 Jan 12 07:00 by Rob Otto (robdylan) | 9 Comments
Lions deny fresh liquidation allegations
18 Jan 12 08:16 by Rob Otto (robdylan) | 76 Comments
The ongoing debate regarding the health (or otherwise) of the Golden Lions’ finances continue to rage, with Union President Kevin de Klerk again speaking out to deny that the Currie Cup winners are on the verge if insolvency. [...]
Manie Reyneke resigns
12 Oct 11 06:58 by Rob Otto (robdylan) | 19 Comments
The Lions announced late yesterday that their long-serving Chief Executive, Manie Reyneke, has tendered his resignation and will step down at the end of the month. [...]
Lions plunged back into crisis
1 Jul 11 10:01 by Rob Otto (robdylan) | 43 Comments
Allegations made in an Afrikaans daily newspaper late yesterday suggest that the Golden Lion Rugby Union is teetering on the edge of bankruptcy and is unable to cover its debts or meet its salary commitments. [...]
Lions lose their credit card
28 Jun 11 15:16 by Rob Otto (robdylan) | 111 Comments
Reports indicate that the negotiations between the Golden Lions and Robert Gumede’s GUMA group regarding shareholding in the union have been terminated. In other words, the Lions would appear to have just lost their billionaire backer. [...]
Re-capturing the Pride
16 Feb 11 09:53 by Morné Nortier (Morné) | 205 Comments
There are many reasons why I will keep a very close eye on the Lions this year, and their on-field results won’t be one of them. [...]