Saturday Nov 23, 2019. 09:00
Mining magnate and businessman Patrice Motsepe has acquired a controlling 37% stake in the Blue Bulls rugby franchise, the Pretoria club confirmed on Friday.
Motsepe, who is well known in football circles, is the owner of current Absa Premiership holders Mamelodi Sundowns.
The South African billionaire reportedly concluded the deal at Loftus Versfeld – the Bulls home ground and also a stadium often used by the Brazilians – on Saturday evening.
The new ownership structure will mean that existing shareholders Remgro and the Blue Bulls Rugby Union (BBRU) drop their previously equal percentage of shareholding to 37% and 26% respectively, as to make way for Motsepe who now owns the remaining 37% of the franchise.
Motsepe bought into Sundowns in 2003, partnering with Angelo and Natasha Tsichlas before increasing his stake from 51% to 100% a year later.
Sundowns have enjoyed unprecedented success under his ownership, winning multiple domestic league and cup titles, while also claiming Caf Super Cup and Caf Champions League success during his reign.