Siwelele FC has expanded into rugby after acquiring a stake in the Free State Sports Consortium, the majority shareholder of the Cheetahs.
News24 reports the deal involves Sports Minister Gayton McKenzie’s son, Calvin Le John, whose football club now has a stake in the consortium.
It is understood the agreement gives Siwelele a foothold in the Cheetahs while strengthening the consortium’s financial position and its ability to recruit players.
ICYMI: Cheetahs invest in future stars
The Free State Sports Consortium is made up of local businessmen who want to reverse the decline of sport in Bloemfontein and retain the province’s top talent.
According to News24, the partnership will also focus on the use and development of stadiums and training facilities, links with schools and universities, and the possibility of the Cheetahs playing matches in Bethlehem and at the Dr Petrus Molemela Stadium.
“This is more than a financial transaction; it is a union of cultures and passion, and a commitment to the people of Bloemfontein,” the consortium stated.
Photo: Charle Lombard/Gallo Images
The post Cheetahs get investment from Gayton’s son appeared first on SA Rugby magazine.
Siwelele FC has expanded into rugby after acquiring a stake in the Free State Sports Consortium, the majority shareholder of the Cheetahs.
The post Cheetahs get investment from Gayton’s son appeared first on SA Rugby magazine. Read More
