WP, Stormers close in on equity deal with Red Disa Investment

Western Province rugby is hoping to confirm a "ground-breaking" equity deal with a company made of local and international investors called Red Disa Investment.

According to a statement from the union, WP Rugby's general council will meet on Wednesday where the deal will be presented to the union's clubs. 

WP Rugby has been operating under the administration of SA Rugby, who are understood to have helped broker the negotiations. 

Red Disa Investment is funded, primarily, by the billionaire Stellenbosch Le Roux family - father Michiel le Roux and son Johan. 

Full Western Province statement:

"It is an equity deal that will ensure the brightest future for professional and community rugby in the province," a WP Rugby statement read on Tuesday.

"The proposed deal is with Red Disa Investment and their intended involvement with WP Rugby will solidify the DHL Stormers as a powerhouse in the Vodacom United Rugby Championship and the Heineken Champions Cup, and will also consolidate DHL Western Province’s historical standing as one of the most successful teams in the Currie Cup.

"The proposed equity deal, given the local and international partners that make up Red Disa, speaks to a significant investment in the heart and soul of rugby in the province.

"The equity deal will financially secure grassroots rugby and reinforce the nurturing of talent straight through to the professional teams.

"The equity partners understand the success of WP Rugby is in the strength of the diverse communities that define the uniqueness of the province.

"The deal will also create an environment in which the DHL Stormers and DHL WP supporters can expect the professional teams to be title contenders in all competitions because the equity investment will provide