Rugby in the DNA of the Sharks’ new US investor
Jan 24, 2021
4 minutes
MERVYN NAIDOO mervyn.naidoo@inl.co.za
HE’S an undisputed king on Wall Street, a partner in a leading US law firm, has rugby embedded in his DNA and although New York has been his home for a while now, all things South African remains dear to him.
So it was inevitable that Marco Masotti, 52, who was raised in Amanzimtoti and moved to the US to further his legal career in the 1990s, would leap at an opportunity to make a multimillion-dollar investment in his country of birth.
That the outlay centred on rugby and his beloved Sharks made the deal even sweeter.
Earlier this month, the MVM Holdings consortium, which has Masotti at the helm, bought the controlling interest (51%) in
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