SPORTS DAY: Stadium naming rights bidders whittled down

Sport

SPORTS DAY: Stadium naming rights bidders whittled down

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BUSINESS

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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