Stormers’ would-be partners now trying to reach a deal with the Sharks

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US investment consortium MVM Holdings has reportedly begun talks with the Sharks Picture: Steve Haag / Gallo Images
US investment consortium MVM Holdings has reportedly begun talks with the Sharks Picture: Steve Haag / Gallo Images

SPORT

Depending on who you speak to, the negotiations between the Cape Town franchise and MVM Holdings – which have dragged on way beyond the initial 45-day exclusivity talks arrangement because Western Province’s elected officials refuse to hand the Americans 51% control for their estimated R100 million cash investment – are either ongoing or finally off.

Western Province president Zelt Marais didn’t respond to text messages and a phone call requesting clarity on the union’s current stance on the talks, but a source familiar with the deliberations said the proposed deal was “off, and that consortium is now talking to the Sharks”.

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