The Golden Lions Rugby Union has signed a multi-million rand sponsor on a three-year deal that its president says will help with its financial issues.

Guma Tac says the Golden Lions Rugby Union is "hopelessly insolvent" and have filed papers in the South Gauteng High Court.

A former potential equity partner says legal steps are being taken to regain a multi-million rand loan from the Golden Lions Rugby Union.

The Golden Lions Rugby Union is pressured to make some big decisions: Finding new investors and whether to move their games to the FNB Stadium.

Eight months after announcing they had sold a 49.9% stake to Guma TAC, the Golden Lions Rugby Union says that negotiations have fallen through.