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Coetzee reveals Sharks had another deal lined up before US consortium swooped in

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Sharks CEO Eduard Coetzee.
Sharks CEO Eduard Coetzee.
(Steve Haag/Gallo Images)

More details have emerged of the blockbuster US consortium takeover deal, with Sharks CEO Eduard Coetzee revealing they were plotting another deal before MVM Holdings swooped in.

Sharks shareholders KwaZulu-Natal Rugby Union (KZNRU) and SuperSport sold a 51% stake to Marco Massoti's consortium last week, retaining 26% and 23%, respectively.

After months of schmoozing Western Province Rugby Union (WPRU) for a controlling share of the Stormers, without success, the Americans moved quickly for the Durban franchise.

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