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SWIMMING UPSTREAM: Sharks owner Marco Masotti still ‘not giving up’ on franchise despite not breaking even
ZA⚽ Sports5 hr. ago

SWIMMING UPSTREAM: Sharks owner Marco Masotti still ‘not giving up’ on franchise despite not breaking even

Marco Masotti, a New York-based lawyer and private equity professional, remains committed to his investment in the South African rugby team the Sharks despite financial losses. He purchased a majority stake in the team five years ago amid the challenges posed by the pandemic, aiming to transform it into a globally recognized rugby club akin to football giants like Liverpool or Manchester United. While the Sharks have faced difficulties, including missing out on the URC playoffs in 2026, Masotti highlights progress in both on-field performance and organizational restructuring. He has implemented changes inspired by major league sports models, such as creating a chief of staff position and reorganizing recruitment and management roles. Despite ongoing financial struggles, Masotti views the situation as an opportunity to rebuild.

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Daily Maverick logoDaily MaverickIndependentCenter5 hr. ago
SWIMMING UPSTREAM: Sharks owner Marco Masotti still ‘not giving up’ on franchise despite not breaking even

Marco Masotti, a New York-based lawyer and private equity professional, remains committed to his investment in the South African rugby team the Sharks despite financial losses. He purchased a majority stake in the team five years ago amid the challenges posed by the pandemic, aiming to transform it into a globally recognized rugby club akin to football giants like Liverpool or Manchester United. While the Sharks have faced difficulties, including missing out on the URC playoffs in 2026, Masotti highlights progress in both on-field performance and organizational restructuring. He has implemented changes inspired by major league sports models, such as creating a chief of staff position and reorganizing recruitment and management roles. Despite ongoing financial struggles, Masotti views the situation as an opportunity to rebuild.

Bias read (Center): The article focuses on a sports franchise and its operational and financial challenges, with no direct political implications or framing that suggests bias toward any political side. The content is primarily descriptive of the Sharks' performance and management structure.

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