The investor looking to acquire a controlling majority share in WP Rugby believes former Springbok coach Peter de Villiers could add value in an advisory capacity.
A New York-based company MVM Holdings, headed by Marco Masotti, a Durban-raised lawyer has submitted an offer to buy a 51% controlling interest in the Stormers. Of the $6m offer, $2m would go to the WPRFU board and $4m to the Stormers board.
The consortium has been involved in ongoing talks with the union and according to a report on Netwerk24, Masotti is keen to bring in De Villiers, who he described as ‘the lost soul of South African rugby’, on board.
‘One of our ideas is to involve rugby experts via our planned advisory committee. Peter de Villiers is a former Springbok coach. Where is he? In no man’s land. Surely there is a need [to utilise] his expertise,’ Masotti said.
‘The British & Irish Lions are touring South Africa next year and he is the last coach to beat them. He has something to offer and with his knowledge, he has a role to play still.
‘It is in the interest of the franchise and his views will demand the respect of a certain section of the Stormers’ support base.’
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