Rugby: Stormers playing in Europe a major attraction for American investor

Marco Masotti has made his fortune in New York City, as tough a place as any to make it, to paraphrase Jay Z. The expat South African from Amanzimtoti is well set to face the challenges of concluding a deal to buy a majority stake in the Stormers because there are few tougher business environments to step into at the moment.

It will be rebranded the PRO16 as the Cheetahs and Southern Kings fall out. The deal has not been made public, buthas learned that it has been signed and concluded.

“If an equity partner wants to buy into your organisation, it is seeing a bigger commercial value of our products than we are seeing,” Roux said. But the existing structure has its flaws. Currently, unions are members of SA Rugby. The franchises and companies that run the professional side of the game don’t have any direct say in the competition from which they derive revenues .

“I’m a little mad trying to get into this, but I’m a rational lunatic,” Masotti says. “But I can confirm, I am a serious buyer. I operate in the private equity and hedge fund world, and a lot of my clients are coming into sports ownership and I’m looking to do the same.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World Rugby confirms international rugby to resume in OctoberAll parties, including unions, club competitions and players, remain committed to continued dialogue regarding the long-term harmonisation of the international calendar for the betterment of all.
Source: ewnupdates - 🏆 30. / 53 Read more »

Springboks can pick De Klerk, Kolbe and Etzebeth for Rugby ChampionshipIf the Springboks take part in a delayed SanzarTRC competition in New Zealand later this year they will be allowed to include all of their overseas-based players. By jacq_west |IOLsport
Source: IOL - 🏆 46. / 51 Read more »

Whitelock brings up Super Rugby milestone earlier than plannedSam Whitelock was not supposed to be involved in SuperRugbyNZ at all this year but on Saturday he play his 150th match for the crusadersrugby | IOLsport
Source: IOL - 🏆 46. / 51 Read more »

Rugby Sevens series opening events cancelledThe Cape Town tournament had been provisionally scheduled for December 4-6.
Source: eNCA - 🏆 49. / 51 Read more »

Valke rugby union slammed for non-payment of salaries
Source: IOL - 🏆 46. / 51 Read more »

Why SA rugby players need a seven-week build-up before seeing combatWhile the Kiwis had a five-week return-to-play protocol before their players were allowed to play, SA’s players will probably require a seven-week build-up
Source: BDliveSA - 🏆 12. / 63 Read more »