NO DEAL! | SOUTH AFRICA PRIVATE EQUITY DEAL TO BE VOTED DOWN??!

[@GeorgeMasson-ni9qu]

SA absolutely correct in refusing US private equity deal.

[@StevenCallanan-h3n]

Q

[@clintcoleridge6270]

We as Africans would have again given one of our most lucrative commodities away for shoes and pants. Good call to reject the offer.

[@metamorphicme9378]

😂😂😂😂😂This would have us citizens, investing in old tyres and matches fast!!!!!

[@S1nuDTFY]

@@metamorphicme9378 lol

[@waynepieterse3941]

Thanks Tim ..lets pray the love of Springbok Rugby is stronger than the love of money

[@SteveWarlee]

Which planet

[@_wayne_6565]

I fear the love money is all there is.

[@Bunjamin72]

Spot on 🙈🙈

[@KernowekTim]

@@_wayne_6565 Same as it ever was. Never changed since the shekel and the stater.

[@tiaanbezuidenhout8131]

You do understand that without money there is no rugby right?

[@gallolocoparisien]

We need SA to remain independent. Love, from France

[@Marysmmiiith]

Amen

[@ryandeetlefs1578]

Mate, you spoke from the heart there where you didn't have to which nearly brought tears to my eyes because you value South Africa and see its potential. Thank you 🙌🙏💚

[@andrewelliott4111]

Love your passion for our beautiful country! You are a good man! ✌❤👏👏👏

[@WyndhamPGP]

Thank you for this piece Tim. I hope the decision makers in SA watch it. 🇿🇦🇿🇦🇿🇦

[@SteveWarlee]

I'm surprised pala Pala boy hasn't sold 60% to the Chinese.

[@anelfrylinck841]

We need to look with another eye about the Chinese, concerning what we have learned all these years from a cabal lying mainstream media ...❤

[@wot4922]

​@@SteveWarleeeverybody has many Pala Pala boys 😂

[@charleschurch4901]

You are spot on Tim. Nobody gives money away for nothing, The consequences of that decision will be disastrous for rugby in South Africa.

[@MrJohnkorn]

We don't need the Yanks, we need more people at stadiums

[@jerryjones2375]

Thank you to our UNIONS that are standing up and making their voices heard. They are the Gatekeepers, for them there are No Springboks.

[@shanekerrigan5490]

Excellent video Tim. Please don't do it SA.These guys are pirates...$75 is peanuts to them...they will eventually destroy the best thing to have happened to SA since Mandela.

[@HUH-Se-wat]

Thanks for the insights Tim, I am shocked SARU even considered this. Thank you to the unions for plain common sense. What we have in SA through the Springboks, may end up saving our great country, they are our greatest unifying force.

[@lebo9010]

I love that the "something" about South Africa and rugby can never be defined. It's honestly something you need to experience to understand. I'm a South African and can never explain it. Tim was intrigued by it, experienced it, LIVED it and still can't explain it. I just has that thing!

[@simonpaulmiddleton]

Completely agree with you. I would not trust ANY private equity connection. The strength of SA rugby is in its grass roots, even if poor relatively speaking, to what this deal could signify. It is a psychological/emotional paradox... strength lying in the relative absence of loads of cash. These private equity deals are useless and fake incentives. The focus should be on the ball (literally) and keep these "suits"'far away from the culture.

[@wpforever5257]

The Springboks are ours the citizens of South Africa ....No No No.....to private equity !!!!

[@avrilgardiner9111]

Breaking news: The meeting has been postponed in a statement by SARU a few minutes ago. Thank god. This is egg on their faces. We, as the fanatical Bok supporters, should let our collective voice be heard in matters like these.

[@phandulwazimgilwa-fg6mv]

Great analysis🇿🇦

[@cokilook]

Thank you Tim. We can feel your love… right back at you 👍😊🇿🇦❤️

[@arthurknoxx]

I will riot in the streets if we sell out our National Icon to some American company.

[@thenomad47]

I don't actually doubt for a second that there will be riots. Hell, considering that the news of this supposed possible sale just became actually public today, I won't be surprised if we see marches against this by tomorrow

[@olglez9230]

This a fantastic video and a very important conversation! Yes, I'm glad South Africa are saying to this absolute insult of a deal! Maybe 75million for 5% of the rights for 5 years would slightly more tolerable. But still

[@avrilgardiner9111]

The amount is not the issue. Whatever the amount, it will disappear into thin air very quickly.

[@richardmaclean6738]

It is so good to see that you have recognised how special rugby truly is in South Africa and to South Africans, at home and overseas. Thanks for spotlighting this Tim.

[@anthonyafonso3599]

SA rugby has no price. It is the core. We have seen enough people pay us pennies for Our Natural Wealth. Enough. You can buy Our Clubs...you can't buy Our Minds and Souls. Tsek.

[@JohnEDow-jo2inBokke]

Ttsek yes 👍

[@Alias-gy3tz]

Exactly! The Americans must take their money and VOETSEK!

[@kooibono]

It's not that much as well, in the greater scheme of things, and even if it were multiple times more, remember it's funny money, a giant game of monopoly, credit created out of nothing, by their Fed, given to the various hedge funds and entities, to go out and make slaves, 'Pennies on the Dollar'...

[@tallshort1849]

Dont do it South Africa!

[@Mike-ym6rl]

Agreed 100%. They need to drum up Corporate sponsors as they have always done.

[@avrilgardiner9111]

I agree.

[@randomlyfactual1943]

I agree with you insofar sponsorship is preferable to selling equity shares. But there is a snag. Obviously any company from any country can sponsor any team, but usually these companies are going to be based in the countries where they support the sport (think Castle Lager, MTN, Absa, Macsteel etc) And in our country, we have this 30% BBEE requirement, which serves to scare off investors - as we saw in the Starlink saga. So let's say you are a huge company like Tesla that wants to come to SA. Tesla is not going to give up 30% of their shares to "previously disadvantaged individuals" so in order to circumvent the BBEE legislation, they will instead form a new subsidiary, which we will call Tesla South Africa - a model every other automotive manufacturer has done. The long and the short of it is this: while Tesla easily has enough money to sponsor the Boks twenty times over, Tesla SA will not have anywhere close to the same financial muscle. The result? The biggest companies in our country are either too volatile (i.e mining companies that can have their net worth plummet based on commodity prices which is why you don't often see Anglo American or Murray Roberts sponsor major sports teams) or just not big enough (think Absa compared to Bank of America or Barclays). The current sponsor of the Boks is MTN and while they are a large company, they can't match the kind of coin O2 or Altraid can spend. The result is almost laughable: England's sponsorship deals is worth than twice the SA one, despite the fact that the Boks have won 3 of the last 5 world cups.

[@Trenchwarsoldier-x5v]

Corporate South Africa has the money! They should of never allowed the deal to begin with and already stepped in

[@nickojansevanvuuren1346]

Agree Tim! Agree, agree agree. Thx for your voice in this matter and lets hope the powers that be find a better solution to the issues that face rugby all over the world.

[@EdwardFordyce]

You a class act….private equity as warren buffet said ….plus personal experience is absolute evil…worst of mankind!!!!!

[@ruanfourie9470]

Tim, thank you so much for using your platform to speak those kind words about SARU and SA in general. We as a country have our problems, but we live and breathe rugby. You're a true ambassador of our sport, and may your channel reach new heights in the future ❤

[@margieking3405]

This is important - the terms of the deal are appalling. Johann Rupert and Patrice Motsepe may have to open their wallets

[@MJSteedman]

Tim, I have no words. Thank you for seeing this for what it is an putting it out there. You are a legend and a Saffstitute for life mate 👍

[@timgregory82]

Yes it's ruining the All Blacks. No one wants to play for VCs in California

[@lespratt3935]

Tim, you say it as it is, love your thinking as a Brit, and will be a very sad South African if these financial deals go thru, but our national teams, for better or worse, are worth more than any deals made..Just as a matter of historical interest, the Boks, as we call em, were all originally from the Boer war against England back in the 18 hundreds as prisoners in SA, and challenged the English wardens to the game of Rugby, a town that originated the game, hence the town's name in the UK. They named themselves " Springbokken" and went on to win that very 1st game.. After the war, the"Springbokken" went on a boat, 3 months journey to England and won 91% of their games during over a year there. Gotta love your sentiment and love of the game.. Cheers boet, with high respect 🤩

[@wot4922]

Thanks for that information ✌🇿🇦

[@DominicJenkins-g2m]

Premiership rugby funding in England is an unmitigated disaster - following the CVC deal no one will invest in the league moving forward so once the exiting owners leave it’s finished. Well played SA if you’ve seen the light.

[@MichaelMoloney-zw7ry]

Excellent video, in my opinion the All Blacks have been on a downward trend since signing their private equity deal.

[@S1nuDTFY]

As an honorary South African Tim, your opinion is valued :P

[@seamus9750]

The politicians will bite their arm off to get that money

[@MarionGreen-Thompson]

Johan and Patrice are not government

[@sakabula2357]

Don't think thats what he meant​@@MarionGreen-Thompson

[@MarionGreen-Thompson]

@@sakabula2357 nope that’s what negative South Africans mean all the time, they denigrate our country at every turn.

[@mikolaj83]

'Off the field' videos are important and informative. Thanks, Tim.

[@anthonytobias7368]

Love this content. You are the voice to the many voiceless South Africans. This is bad from the beginning!!! "Forever more!!!" Why were they even considering this offer in the first place to begin with?

[@stephanuhu963]

I hate to raise politics in my beloved game, but let us not be naive. The ultimate owners of the Springbok brand is the government of the day. The Minister of Sport ultimately calls the shots. In this case, the corrupt politicians of the ANC. As in all the ruined semi-state corporations in SA, follow the money: SA Airways, SA Railways and harbours, Eskom, etc.

[@superbowljoel01]

If you sell your soul to the devil, don't be surprised when the bill comes due

[@Jan-p4y]

Thanks for explaining, Tim. I did always wonder what happened after all that Silver Lake noise in NZ and the CVC noise in Europe. Now I know. Hopefully we steer clear!

[@TeeJy145]

DON'T DO IT SARU, Silver Lake is failing dismally!!!I repeat DON'T DO IT.

[@aprilsmith3683]

"Don't give away the family silver..." Sums it up perfectly... Thank you for your passion as always Tim... 🇿🇦🫶🏻🏉

[@jonathanpalmer2495]

Absolutely brilliant analysis Tim, this is what happens when you let the old amateurs run a professional game. Our big unions (Lions, Bulls, Sharks, WP) all have private equity partners, proper businessmen with a passion for their union and SA Rugby, from what I understand it is them that threw a spanner in the works. They have made a proper business decision to keep control - how on earth can anyone sell the rights to their national team. The UK is properly cocking it up in their sport though, how many of the Premiership and Championship Football teams are owned by foreign investors ? Too many

[@RichardLordan]

Couldn’t agree more Tim, well said 👏🏻👏🏻👏🏻

[@rosscooper7778]

Well done SA. Private equity firms are leeches

[@KernowekTim]

Oligarchs and "falling out of windows".

[@Ashton_Pillay]

Very well structured argument. We need to see our stadiums filled like years gone by with supporters, investigate streaming deals with the big players. Not give away i.p for a short term gain that cripples SA Rugby long term.

[@enmity1303]

Spot on Tim! An extremely concise and accurate take.

[@ThabangNong-bl6do]

Well said Tim this deal looks like a rip off considering the value of SARU and the springbok brand

[@karlernstbuddenbrock371]

Excellent insights Tim. Spot on.

[@riaanvdmerwe2665]

Good Day Tim i don't let my option see the day of light . But this is a happy opinion. I'm so glad Dr.Rassie is directer of rugby because he knows we cant sell the last thing that is valuable in south Africa. all S.A want are to be reconiced as good competing club teems. The supper rugby union kick us out to there demise. we(Dr Rassie) decided we need a top comp to compete in ,and the urc was right for the picking. the northern teams wanted to know how the southern team played. We both learned how each anther played. The reason why we wouldn't sell the springbok is because its SA. and the urc gave our club teams the money to get the spring bucks back playing for South Africa teams. i love seeing the star stated team running out for the bulls and sharks and stormers. all big names feels like the Currie cup of the 80's/90;s. And then you have a lions team not a lot of spring bucks. But wow what a team. raw talent. Hope they have enough money no keep them for two years. Then the lions will be top of log.Rugby is our last commodity. Cant sell!!!!!!!!!! its more then money its SA FREEDOM

[@bkj3845]

It will not surprise me if the ANC sells SA Rugby!

[@avrilgardiner9111]

I KNOW it will be a bad deal! Within no time the money will be gone, nobody will be able to explain where it went, and then Saru will have to share 20 percent of profits.

[@markdelbrooke-jones9947]

Will be even worse......they will have to sell more of it....and so on.....

[@Jim_Cpe]

Tim couldn't agree more - The Boks are special and enjoying a real brand resurgence. Priceless is the right word. You only want ppl in decision making positions that truly love Bok and SA rugby.

[@neilshrekpurves4521]

Thanks Tim, wise words, kind words, let's hope you are heard 🙏

[@avrilgardiner9111]

The attempt to stop this deal is gaining momentum. I read the letter sent to the President of SARU by Minister McKenzie, requesting a postponement of the meeting due to a growing public outcry and his Department being flooded with objections. Extracts of the letter are on the SA Rugby Mag website. At least the Minister is doing his job. This is a serious matter and the public's response is heart-warming. It seems that SARU will be going ahead with the meeting to vote on the matter. Let's see what happens next.

[@mlisto293]

Equity partners must just leave our Boks alone. Thanks Tim for always shinning the spotlight on dodgy deals

[@metamorphicme9378]

Bloody hell!!!! Break the trough and keep our game pure. SARU best you not!

[@mikekritzinger729]

Great points Tim. Thanks for educating us on the potential negative implications.

[@DavidShort-q1d]

Have to agree that the CVC deal was a DISASTER for the sport in England and the UK in general

[@garethclark59]

Thanks for sharing Tim. Let's hope the SARU bosses and rugby chiefs in SA walk away and like you said...we need to protect our asset!

[@DocterLovenStein]

The NZR deal was approx 160m USD (263m NZD) for 7.5%. Seems like the Boks deal was massively undervalued.

[@ianr5690]

NZR Union sold equity to silver lake. But where is the revenue silver lake promised? POINT you never sell equity, you sell a share of the revenue in a commission like structure. NZRU stuffed up!

[@andrie1745]

Thanks Tim. Wonderful advice. Love form Cape Town

[@antoinemuskat5557]

Well said 👏 👌 👍

[@RubiousGlagorious]

Tim, I didn't even know this, thanks for your work and passion!

[@mrgalvinable]

Might i add... There are very greedy people in this country that have a history of putting their pockets before the people... If the higher ups want money in their pockets, common sense will not prevail. Hope corruption doesn't win this time. 🙏

[@michaelmansvelt9843]

Observation some people can’t wait!

[@themoz1965]

Well said , SA rugby needs to be protected from the commercial vultures who don’t understand the meaning of rugby to South Africa

[@andreemurray7039]

A crap deal thanks Tim

[@clintcoleridge6270]

PS. You should move down to SA. We will welcome you and your family with open arms. Love your vids.

[@khayelihlemngoma2393]

Corporate support for SA rugby is huge. Big name brands as well. I don’t know why they would consider Private Equity.

[@cilldublin07]

Private equity is not just ruining the high street it's ruining sport for the fans and life in general

[@oldman774]

SA rugby belongs to the people. If SARU goes ahead with this deal, the public should sue them

[@jonathanpalmer2495]

I agree, but then the people should get more involved, not just watch the Springboks on TV. In all unions these decisions start from the clubs, the clubs appoint an EXCO and elect a Chairman, The Chairman goes to the Chairmans Council Meetings at their local Union, an EXCO for the Union is appointed from the Chariman's Council, The EXCO elects a President who represents the Union on the SA Rugby Council. etc etc... more people need to get involved at club level and work their way through, Rugby needs people to help it grow off the field as much as on the field

[@Nyte-Owl]

Come now my beautiful land. Let's reject this! 🇿🇦 The Boks we'll support you if you need money. Take my R10 serious.

[@carinajoubert8829]

Thanks Tim, I hope the powers that be in SA Rugby watched this and realize how absolutely terrible this deal will be for our country.

[@mikewall827]

Great take on this matter, thanks Tim

[@conneltheunissen2997]

Well said Tim. I hope rugby bosses in SA WATCH THIS

[@mzansiliving]

Agreed, NO to deal!!! Thanks

[@JanGreyAndSoOn]

Yep. Some things should never be sold.

[@markdelbrooke-jones9947]

Selling the family silverware......yes it would be that

[@Ballas56]

Yep, money is the root of all evil.

[@garethedwards1926]

The love of money, you mean.

[@arnoldbucheli4757]

I truly hope that this kind of thing falls down. Thank you for sharing your thoughts on this subject.

[@MiMo64-k7m]

One may sell commercial rights, broadcasting rights etc. for any given defined time period. OK with me, as long as the price is right. However, selling WHATEVER forever (!) looks to me like a genuine deal with the devil...

[@robertreinecke5386]

100% agree!!!! The deal is just crazy!!!

[@brandonreid6640]

For the love of the game as its best enjoyed when played, but everywhere! Lets preserve it everywhere. We are the people that support it, the players that put everything into playing it. 💙🏉🏉 Thanks for sharing and putting it out there.

[@essenceofsa]

$75m is an insult. We shouldn't sell anything

[@HarryNye]

How do ASG come by the valuation that SA's commercial rights are only worth £375m! That's ridiculous!

[@eltski2619]

Thank you, well said.

[@johnlewis2972]

Thanks Tim I agree completely.

[@HaroldTobin-f5l]

Please, SA Rugby... Don't do it!!!!

[@DamienOdonohoe]

I enjoy your podcasts and perspective; I just subscribed, and it's good for you that you have covered this subject matter!

[@williamtucker37]

Well said great to get this out in the open. Thank you for your efforts.

[@grahambeaton4803]

Thanks Tim, truer words could never have been said, and thank you for your keen opinion on South African Rugby!!! You are inadvertently becoming a South African Rugby promoter 😊😊😊!!!! Thanks Mate, you’re a ⭐️!!!! Enjoy your channel immensely for it total unbiased commentary 🍻🙏

[@andredupreez1143]

Wow! Thank you, Tim. You have great insight and explained everything in a very clear and understandable way. I agree with you wholeheartedly. Thanks for always posting great and relevant content. Love your channel.

[@douglasjackson8488]

Thanks for explaining it. Never really knew what the deals were. But you right 20% of you’re income forever is a bad deal

[@kevinsummerley5399]

Thank you, Tim. Words of Wisdom! Family Silver. Brilliant analogy. God bless you!

[@wandilenzuza5323]

And THANK THE POPE for it.

[@max-nm6qx]

"THE BATTLE OVER BRITAIN "BY PROF WALTER VEITH POWERFUL POWERFUL WATCH TRUTH ALWAYS WINS BRITAIN 🇬🇧 👏 🙌 👍 ❤SOUTH AFRICA 🇿🇦 👏 😀 🙌 👍 💙 ❤

[@KernowekTim]

A very relevant video Tim. I agree with your opinions whole-heartedley. Thank you very much for giving us the bigger picture, based off sound peripheral vision. Blinkers off; at all times.

[@awbglover]

Absolutely NO DEAL, totally bad deal for SA Rugby, why would they sign up to such a terrible deal. Agree it will be rinse and repeat of the England and NZ

[@CarlMuller-y4n]

Absolutely correct! No ways, no ways! Money making Ploy with no regard to the future of which ever sport they lay their hands on.

[@bubidave]

Your assessment is spot on. As a South African I feel we have a personal stake in our Bokke. This would be like selling our soul to US snake oil salesmen in some sh!tty deal. WTF???

[@JamesFisher-s5f]

So good to hear your valuable experienced perspective Tim, so much at stake !