Newlands Put Up As Security? – South Africa | Rugby365
It is believed Newlands was put up as ‘security’ for outstanding debts, as the future of the iconic stadium remains shrouded in uncertainty. Investment holding company Remgro confirmed to rugby365 that the Western Province Rugby Union has registered a mortgage bond – in favour of the Stellenbosch-based company – as security for an.
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The Western Province Rugby Football Union confirmed today that it had applied for and obtained an order for the provisional liquidation of Western Province Rugby (Pty) Ltd in which it is.
While the Western Province Rugby Football Union (WPRFU) is yet to give a clear indication whether there will be any further rugby hosted at Newlands beyond the current season, reports suggest that the famous Test venue has been put up as security for the union’s hefty debt.
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Rugby365com reported that Newlands has been put up as ‘security’ for. Remgro confirmed to rugby365 that the Western Province. and write news stories and information for South Africa.
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All indications point to a move to Cape Town Stadium. After bring given until Friday to pay, WPRFU has reportedly put Newlands up as security for the union’s hefty debt.
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