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He revealed that they have a business plan on how the investors will make money and hopefully, increase the value of the teams.
Kenya Rugby Union (KRU) chairman Alexander 'Sasha' Mutai is majorly relying on investors to help salvage the sport from the Ksh112 million (approximately) debt that was left by the previous office.
Mutai revealed that the office is in a discussion about bringing back the super series and privatizing the same so that they can have investors and sponsors coming in.
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09:30 - 30.03.2023
RUGBY Sasha Mutai ready to hit the ground running after finally claiming the KRU top seat
Mutai believes Kenya has all it takes to qualify for the 2027 Rugby World Cup.
He added that they have a business plan on how the investors will make money and hopefully, increase the value of the teams.
“We have a legacy debt of about Ksh 112 million currently. We are planning to introduce the professionalization of the Super Series where we intend to have the rugby clubs coming from private companies.
"The sponsors coming in are assured the benefits of the tax law and other sponsorship benefits. We have a business plan on how the teams are going to make money as we look to float the teams to the stock exchange,” he told Spice FM.
He added that they have launched the KRU app and they want to monetize it through partnering with the private sector.
Currently, Mutai said they are being supported by the Ministry of Sports who fund most of their projects. He revealed that the Barthes Trophy was fully funded by the government through the Sports Fund.
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10:20 - 21.03.2023
RUGBY Sasha Mutai's grand plans for rugby ahead of KRU elections on Friday
Mutai noted that he wants to ensure the men qualify for the 2027 World Cup.
The Kenya Simbas are currently in South Africa for the Currie Cup First Division and he added that the ministry also came in handy to support them.
However, Mutai said when they put their house in order, they will be keen to look for their own means of financing.
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20:42 - 05.05.2023
RUGBY Kenya 7s coach McGrath optimistic ahead of Toulouse and London assignments
Shujaa will open their campaign against Uruguay who are 11th placed in the Toulouse lag scheduled for May 12 to 14.
“I’m sure we are capable of getting our own funding. Back then, we were pretty well self-reliant and that’s where we need to be,” he said.
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