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Another twist in Sharks’ ‘American’ ownership deal

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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
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.

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