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Ken Borland



Private equity improves the product out on the park – SuperSport 0

Posted on February 24, 2021 by Ken

SuperSport are all about the product out on the park, which is why they were delighted to hand a controlling stake in the Sharks to MVM Holdings, according to the broadcaster’s CEO Marc Jury.

SuperSport International and the KwaZulu-Natal Rugby Union were the majority shareholders in the Sharks franchise but last month they agreed to sell a 51% stake to the U.S. investment consortium headed by Marco Masotti. It has been the most high-profile equity deal thus far in South African rugby and Jury told The Citizen there were no qualms about handing over control of the Sharks because it provides a wonderful opportunity for all concerned.

“Private equity can provide some fantastic opportunities but it’s not just about who you partner with but also what their intentions are. And MVM Holdings have some wonderful ideas that will take the franchise to the next level and allow us to show the best rugby possible. Any investment in the game has to be a positive and this deal will allow the Sharks to retain some great talent.

“That’s what we as SuperSport want as well, to keep the best players here. We just want to show the best possible product which is why we have invested such large amounts in local rugby and forged a very close relationship with the mother body. We have invested heavily in the Sharks for a long time but we feel this partnership can help South African rugby,” Jury said.

Jury acknowledged that it has been a difficult time for all involved in SA Rugby competitions. Playing in the heat and humidity of mid-summer was a new challenge and testing protocols played havoc with the usual training week of the teams.

“These have been tough times and we have to remember that Covid will pass. We have stayed very close to SA Rugby through the whole period and playing in a bubble and not being able to prepare properly has not been good for the players mentally. There have also been no crowds and a great degree of anxiety, so there have not been the ingredients for the players to produce their best rugby.

“I think the teams did the best they could with a very difficult situation. But everyone is just hoping for some normality soon and the thing people miss the most is the whole experience of coming together and watching their favourite team. Hopefully they have missed it so much that when normality does return they will watch the rugby more than ever,” Jury said.

‘Kolisi the best leader in the world’, but Am retains the captaincy 0

Posted on February 22, 2021 by Ken

Eduard Coetzee, the Sharks CEO, might rate Siya Kolisi as the best captain in world rugby, but he confirmed on Wednesday that Lukhanyo Am will retain the captaincy of the franchise team.

Am has been integral to the rise of the Sharks over the last year and is the sort of follow-my-example captain that is much-loved by the KwaZulu-Natal outfit and their fans, following in the footsteps of inspirational skippers like Gary Teichmann, John Smit, Wahl Baartman and Craig Jamieson, who were also men of few words.

While there is no doubting the pedigree and qualities of Kolisi, who led the Springboks to World Cup glory in 2019, the decision is a wise one by the Sharks because it avoids adding another complication to the life of the 29-year-old who seems utterly focused on regaining his best form following a miserable 2020 ruined by injury, Covid and the problems within Westen Province rugby.

“As a leader, Siya chooses himself, we know he’s the best leader in world rugby and he led the country to the World Cup. So yes, it would be easy to make him captain. But we don’t want to do that at the moment, we want to make an environment here that he can thrive in and put the least amount of pressure on him as necessary. And Lukhanyo has done an unbelievable job as captain so that makes the decision much easier.

“We love to treat our players well because that’s the way you get results. To add more pressure by making Siya captain is not going to help him. They get on well, by the way, and Lukhanyo has been in my ear as well about when Siya is coming here. Leaders earn the right to lead, they appoint themselves and both Siya and Lukhanyo have the qualities to be very successful captains,” Coetzee said at Kings Park on Wednesday when Kolisi was officially unveiled as a Sharks player.

Kolisi pointed to his ball-carrying ability as being an area where he can add to the growth of a Sharks game that he said he already very much admires, having been on the receiving end of it when they beat Western Province at Newlands in the Currie Cup semi-finals.

“The Sharks team is really strong, they have a good kicking game, they’re disciplined and they have the boot of Curwin Bosch. But I love their style when they do move the ball around, they have a strong attacking game. I am an openside flank but I don’t really fetch, although I do want to contribute to that aspect of the game.

“But with ball-in-hand, along with the other strong carriers, that’s where I hope I can add to the team. And I’m willing to do the hard work, clearing the rucks and that, too; I’m not scared to do the graft that is not seen,” Kolisi said.

A major asset on the field for the Sharks – what both Kolisi & CEO Coetzee expect 0

Posted on February 17, 2021 by Ken

SIYA Kolisi might enjoy a big profile off the field, but Sharks CEO Eduard Coetzee insisted on Wednesday that they have signed the Springbok captain on a three-year deal because of what a big asset the World Cup winning loose forward will be on the field.

The uncharitable have suggested Kolisi’s move from Western Province to Durban has more to do with building publicity for the massive equity stake invested in the Sharks by MVM Holdings, of which Roc Nation, Kolisi’s publicists, have a stake. But Coetzee said it was Kolisi the player they were interested in.

“It’s an unbelievable day for Sharks rugby, we started building something special here two years ago and today, announcing Siya is joining us, is an important step in the right direction. Negotiations did not take that long because when a player of his standing comes on the market you’ve got to move quickly. Siya ticks all the boxes – he is an amazing human being, the best captain in world rugby and an unbelievable player.

“We didn’t sign him here because of Roc Nation, although from a business strategy point of view it does make sense. They are his commercial agents, they’re not dealing with hm as a rugby player. Siya would still be sitting here today even if he was not with Roc Nation. We were waiting patiently for him to come on the market and when he did not accept the Western Province offer, it took just a matter of weeks for us to agree terms,” Coetzee said at Kings Park on Wednesday.

Kolisi, who is undeniably a hugely inspirational figure in South African society, said his focus in Durban will be very much on fighting his way back into top form, into the Sharks team and then ensuring that he keeps his place in the Springbok side.

“It feels like my first day in school, I’m starting fresh and I know I have to fight again, I have the same feeling as when I was a young man in Cape Town knowing I had to perform. I really hope to play my part on the field, and off the field as well. But there are amazing loose forwards here and what has happened before doesn’t matter. But I want to fight for my position and my main focus is rugby, to get fit and ready to play,” Kolisi said.

“My work off the field is very important to me. But it’s rugby that opens the doors so I know I have to do well on the field for that to happen. Last year was really tough for me with all the injuries and Covid affecting my family, and the stats show that, but I am the biggest critic of myself. Rassie Erasmus said I must just make sure the main thing stays the main thing and I’m going to make sure I work as hard as I can here.”

The 29-year-old Kolisi said he knows many of the current Sharks players and they and former Natal stars had been in contact with him, welcoming him into the camp.

“I know a lot of the guys, they seem excited to have me here and with the culture and the vibe they have going, I just knew it would be the best place. And I’ve had a lot of past players phone me like John Smit, The Beast [Tendai Mtawarira] and JP Pietersen, everyone has been very welcoming. Change is good for everyone.

“I don’t wake up in the morning thinking I want to be Springbok captain, I wake up thinking I want to be a Springbok and be in that team, it’s why I do what I do, why I love the game. So I have to make sure I’m performing; after injuries and the impact of Covid, as a player I am starting fresh again. I’ve got that feeling back that I want to impress my team-mates and get their respect,” Kolisi said.

CSA’s daily shambles & Moroe failure exposed by Fundudzi report 0

Posted on October 06, 2020 by Ken

Judging by the summary of the Fundudzi Forensic Report released by Cricket South Africa on Monday, it would seem dismissed CEO Thabang Moroe failed “to act with the degree of care, skill and diligence that may reasonably be expected” on an almost daily basis and the report exposes just how shambolic the running of the game had become under his watch and that of the Board.

The Fundudzi Report was commissioned, according to non-independent director John Mogodi in his presentation on Monday, to “investigate various governance issues, lapses in CSA controls and governance oversights” between January 2016 and December 2019. And it uncovered an extensive list of actions and inactions that justified disciplinary measures against Moroe.

But certain other staff members, most notably former chief operating officer Naasei Appiah, who was dismissed in mid-August, are also implicated in misgovernance and the Board itself is accused of dereliction of their fiduciary duties.

Moroe, however, is mentioned a dozen times: for contravening the CSA Code of Conduct when he revoked five journalists’ media accreditation, his failure to ensure the South African Cricketers’ Association were paid their image rights timeously which amounted to treating the players’ union with disdain and causing CSA to suffer reputational damage; several instances where he failed to follow procurement protocols and did not act in the best interests of CSA; misleading the Board when it came to exercising their step-in rights with the Western Province Cricket Association, and in failing to ensure due diligence was done in signing Global Sports Commerce for the Mzansi Super League; excessive credit card expenditure and the irregular appointment of a consultant who was not qualified for the post as head of human resources.

The fact that the CSA Board were so easily misled by Moroe and others will tickle those who have long stated that many of the directors are not fit for office.

Former independent director Mohamed Iqbal Khan and current acting president Beresford Williams were both accused of contravening the Companies Act due to a conflict of interest surrounding FinCom’s decision to make loans to the Western Province Cricket Association.

The Board also approved the agreement with GSC despite never being shown the due diligence report they had previously insisted on and GSC’s failure to provide a bank guarantee. Only 8% of the R169 million the Board has approved in loans to their affiliates for stadium upgrades has been paid back since May 2017, with several of the provincial presidents that benefit from the loans sitting on the CSA Board.

Fundudzi also found that CSA have had no effective internal audit unit for the last four years and the extension of Khan and Dawn Mokhobo’s terms as independent directors last year contravened their own Memorandum of Incorporation.

Mogodi said CSA’s lawyers, Bowmans Gilfillan, had recommended disciplinary processes against other employees of CSA and that although it was still early days in terms of those investigations, “we have already taken action on many findings and the Board are determined to act without fear or favour. We will not tolerate fraud, corruption or mismanagement”.

Fundudzi recommended criminal charges be laid in respect of the Service Provider X deal which saw Moroe and Appiah, without following the correct procurement processes, approve payment of nearly R3.5 million for services that have not been delivered.

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  • Thought of the Day

    Ephesians 4:13 – “Until we all reach unity in the faith and in the knowledge of the Son of God, and become mature, attaining to the whole measure of the fullness of Christ.”

    The standard against which we measure our progress is nothing less than the character of Christ. It sounds presumptuous to strive for his perfection, but we must aim no lower.

    Of course, comparing what you are to what Christ is could make you pessimistic and you give up. However, intellectual and spiritual maturity doesn’t just happen – it requires time and energy to develop your full potential.

    “Never forget His love for you and that he identifies with you in your human frailty. He gives you the strength to live a godly life if you will only confess your dependence on him every moment of the day. Draw daily from the strength that he puts at your disposal for this very reason.” – Solly Ozrovech, A Shelter From The Storm

     

     



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