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[SITUATION] · [QUIET] · [SPORTS]

2 clusters · 3 sources · 1 days · First seen 30 days ago · Last updated 29 days ago

EQT majority stake acquisition of Melbourne Storm

Overview

The Melbourne Storm NRL club has announced that the Swedish investment firm EQT will acquire a majority stake in the organization. The deal, valued at approximately $150 million, is currently subject to approval from the Australian Rugby League Commission.

As part of the transition, EQT will join the club’s Board of Directors. To maintain leadership continuity, current chairman Matt Tripp will remain in his position, while chief executive Justin Rodski, head coach Craig Bellamy, and football director Frank Ponissi are expected to continue in their current roles. EQT intends to use its international sporting expertise to drive commercial growth for the club.

Entities

Melbourne Storm · EQT · Matt Tripp · Australian Rugby League Commission · NFL

Timeline

29 days ago

[SPORTS] 2 sources
Australian sports entities secure new strategic partnerships
La Trobe Financial, EQT, and Banner Asset Management have announced new partnerships with the NFL, Melbourne Storm, and Table Tennis Australia to support various sporting initiatives.
30 days ago

[SPORTS] 2 sources
Melbourne Storm sells majority stake to EQT
The Melbourne Storm has sold a majority stake to Swedish investment firm EQT for a reported $150 million, pending ARLC approval, to drive commercial growth.

Sources

iefa.org · ministryofsport.com · sportal.com.au