Patrice Motsepe buys stake in Blue Bulls
Billionaire businessman Patrice Motsepe is now officially a shareholder in the Blue Bulls Company.
The deal, which will see the mining magnate own 37% of the rugby franchise, was completed at Loftus Versfeld on Thursday.
It will see Remgro and the Blue Bulls Rugby Union (BBRU) reduce their previously equal percentage of shareholding from 50% each to 37% and 26% respectively.
This leaves the Mamelodi Sundowns owner with a 37% stake of the champion rugby team
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Blue Bulls spokesperson Shanil Mangaroo says this is a historic step for rugby and sports in the capital city .
“This is an extremely exciting time for us at the Blue Bulls Company and time for us in rugby in general to have a person of his calibre and his wealth of knowledge joining us.
“For us, it’s a step in the right direction because we had this dream of turning Tshwane and Pretoria into a sporting capital of the country.”