Side Entry | Investor interest in Stormers hints at a light at the end of the rugby tunnel

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The news that the Stormers have a would-be majority equity suitor in the form of New York-based South African expat Marco Masotti is proof that the financial carnage currently ripping through our rugby hasn’t chased investors away entirely.
The news that the Stormers have a would-be majority equity suitor in the form of New York-based South African expat Marco Masotti is proof that the financial carnage currently ripping through our rugby hasn’t chased investors away entirely.

Now may not be the time to say it – unless you’re in the personal protective equipment tender industry, of course – but there may well be light at the end of the tunnel for South African rugby when Covid-19 is finally brought under control.

The news that the Stormers have a would-be majority equity suitor in the form of New York-based South African expat Marco Masotti is proof that the financial carnage currently ripping through our rugby hasn’t chased investors away entirely.

In customary fashion, the Western Province hierarchy is finding a way to obfuscate things, the union – which recently borrowed R112 million to pay off its debts – quibbling about giving lawyer Masotti, who comes bearing an investment of almost R100 million, the 51% majority shareholding he seeks to look after his outlay.

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