Another twist in Sharks’ ‘American’ ownership deal

Simnikiwe Xabanisa

Share your Subscriber Article

You have 5 articles to share every month. Send this story to a friend!

0:00

It is an open secret that the MVM Holdings consortium – which includes high-ranking Roc Nation Sports official Michael Yormark – would love Roc Nation client Siya Kolisi and Springbok captain to be the face of their investment in Durban. Picture: Ashley Vlotman/Gallo Images

SPORT

The Durban franchise announced the signing of the agreement – which is rumoured to be a $6 million (R91 million) cash injection upfront for a 51% stake in the Sharks – this week. This came after the Americans decided to turn their investment efforts to the east coast after a lengthy but fruitless flirtation with the Western Cape’s Stormers.

There’s more to this story

Subscribe to News24 and get access to our exclusive journalism and features today.

Already a subscriber? Sign in

Next on City Press

Sundowns vs Mazembe clash pits billionaire friends Motsepe and Katumbi against each other

05 Mar

E-Editions

Read the digital editions of City Press here.

Read now

Covid-19 variant, 501Y.V2, has attracted much negative coverage, but as researchers learn more about the variant they are discovering that positives can also be gleaned like the fact that those infected by the variant are showing signs of immunity against re-infection.