Sharks’ deal with US majority shareholder MVM could transform game
The Sharks believe their new majority partner‚ with its vast network across continents‚ industries and sporting codes, will help boost their footprint
08 January 2021 - 12:25
Never averse to testing the waters‚ the Sharks took the plunge where Western Province froze and have concluded a shareholder deal with a foreign company that may have far-reaching implications for SA rugby.
The success of their agreement that hands a 51 majority share to US investment firm MVM Holdings will in some ways be inextricably linked to what happens down the coast at cash-strapped Western Province‚ who had serious misgivings about relinquishing their controlling share...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.