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Brimstone exits T20 global cricket league
Brimstone Investment Corporation Limited
Registration number 1995/010442/06
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
("Brimstone" or “the Company”)
BRIMSTONE EXITS T20 GLOBAL CRICKET LEAGUE
Brimstone today announced that it will not be proceeding with the proposed acquisition of a
T20 Global League franchise. The consortium led by Brimstone was announced as the
successful bidder of the Stellenbosch/Paarl franchise by Cricket South Africa.
Following the announcement in June this year, Brimstone continued its own internal process
in regards to the proposed acquisition of the franchise. As a result of this process the Company
has decided not to proceed with this venture.
Mustaq Brey, CEO of Brimstone said, “We follow a rigorous investment process. This venture
had to undergo the same process and be tested against our standard investment criteria as
all other investment proposals. Our investment decisions take cognisance of the risks and
benefits to all our stakeholders. We wish Cricket South Africa well with the T20 Global League
and will continue to support the development of, and access to, the sport in various other
ways.”
Sponsor
Nedbank Corporate and Investment Banking
11 August 2017
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