Patrice Motsepe and Johann Rupert team up to buy stakes in Bulls

Patrice Motsepe and Johann Rupert team up to buy stakes in Bulls

Patrice Motsepe and Johann Rupert have reportedly combined forces to buy majority stocks in the Blue Bulls rugby team.

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Patrice Motsepe has turned his focus to rugby and he has allegedly teamed up with another SA billionaire to buy stakes in a local rugby team.

Two of South Africa's richest men - Patrice Motsepe and Johann Rupert - are planning to buy a majority share in the Blue Bulls company, according to Brenden Nel.

Rupert's company, Remgro, already owns half of the stocks in the Bulls and with the mining magnate's money, the rugby team could become a financial powerhouse in the sport once again.

According to City Press and the Rapport, Motsepe's bid will secure him a whopping 37.5% for himself and it will reduce Rupert's shares to the same amount.

READ ALSO: Billionaire Patrice Motsepe to establish fund for black farmers

Motsepe seems to be quite the sports lover. The billionaire already owns the Mamelodi Sundowns soccer team.

Briefly.co.za previously reported the billionaire made SA soccer fans' dreams come true when he brought Barcelona FC to Mzansi to face off against his team.

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Source: Briefly.co.za

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