A new Transvaal Rugby Football Union management was elected in 1984 with Dr Louis Luyt as Chairman and Prof Joe Poolman as his deputy. The decision was taken to place Ellis Park Stadium under the management of a trust. In 1987 after the Ellis Park Stadium was listed on the stock exchange and due to sound financial management by Dr Luyt, Ellis Park could announce that the debt to the amount of R53 million was fully paid and a further 86 suites could be erected.