Patrice Motsepe seals the deal: Acquires portion of the Blue Bulls

Patrice Motsepe seals the deal: Acquires portion of the Blue Bulls

- Patrice Motsepe now not only owns the Mamelodi Sundowns, but also a lion's share in the Blue Bulls

- One of SA's richest people, Motsepe has just acquired a 37% share in one of the nation's most successful rugby teams

- The billionaire now has a say in two of Tshwane's greatest sports sides

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Patrice Motsepe has managed to secure a 37% share in the legendary Super Rugby team, The Blue Bulls.

TimesLIVE reports that the mining mogul now owns two of Tshwane's most successful sporting entities, along with Premier Soccer League club Mamelodi Sundowns.

Motsepe's latest acquisition sees him becoming the partial owner of one of SA's most successful rugby teams, which have three Super Rugby title wins to date.

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

Briefly.co.za reported that Johann Rupert's company Remgro also owns a sizeable portion of the coveted team, with the Blue Bulls Rugby Union owning the remaining 26%.

The union's CEO Alfons Meyer commented on the deal, confident that it would serve to benefit the team in many ways:

“This is a brilliant deal‚ not only just for us at the BBCo‚ but for our community and the sporting industry in general. I’m looking forward to a host of synergies and opportunities that’ll be forged between us. With Mr Motsepe also owning soccer giants Mamelodi Sundowns‚ there’s no doubt that a relationship like this will further enhance and entrench our vision to make Tshwane the sporting capital.”

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Source: Briefly.co.za

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