MVM Holdings to acquire a 51% stake in The Sharks.

MVM Holdings, an international investment consortium spearheaded by Marco Masotti, agreed to acquire a 51% stake in The Sharks, a rugby football club. Financial terms were not disclosed. “The Sharks have a deep and wonderful history that can translate into a formidable global rugby brand. Our investment is designed to facilitate the expansion of the franchise through deep relationships with business people, financing sources and other sporting codes. We believe that rugby provides a unique platform for character and community building. We intend to shine a global light on the city of Durban and create opportunities for players from diverse backgrounds to become international stars," Marco Masotti, MVM Holdings CEO.