SPORTS DAY: Stadium naming rights bidders whittled down


SPORTS DAY: Stadium naming rights bidders whittled down

Your roundup of the sporting news of the day

Sports reporter


Three bidders for Cape Town Stadium

Three bidders are in the running for R16m-a-year naming rights to Cape Town Stadium. The 2020/21 business plan for the stadium says seven bids were received from organisations interested in the naming rights‚ and they had been whittled down to a shortlist. The revenue from naming rights‚ on top of about R23m-a-year from anchor tenant Western Province Rugby Union‚ will reduce the stadium’s city council grant from more than R71m in the current financial year to R29.3m by 2022/23‚ the business plan reveals...

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