Currie Cup

US investment in Sharks extends far beyond initial purchase: 'We have a unique opportunity'

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
The Sharks (Gallo)
The Sharks (Gallo)

The investment that MVM Holdings has made in the Sharks goes far beyond the initial outlay of capital that secured the American consortium a 51% controlling stake in the union.

A figure has not been confirmed, but it is understood that MVM paid in the region of $6 million (around R92 million) to become the majority shareholder in one of the country's premier rugby franchises.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Fixtures
Fri 30 Jul 21 16:45 PM (SAST)
Sigma Lions
New Nation Pumas
Emirates Airlines Park
Fri 30 Jul 21 19:00 PM (SAST)
DHL Western Province
Vodacom Bulls
DHL Stadium
Sat 31 Jul 21 14:30 PM (SAST)
Cell C Sharks
Tafel Lager Griquas
Jonsson Kings Park
Results
Sun 25 Jul 21
Vodacom Bulls 40
Sigma Lions 21
Sun 25 Jul 21
New Nation Pumas 23
DHL Western Province 37
Sat 24 Jul 21
Toyota Cheetahs 30
Cell C Sharks 47
Logs
Team
P
W
PTS
1. Cell C Sharks
5
2
20
2. Tafel Lager Griquas
6
3
19
3. Vodacom Bulls
5
3
19
4. DHL Western Province
6
3
17