EQT to Become New Melbourne Storm Owner

Swedish buyout firm EQT acquires majority stake in Melbourne Storm

The deal, which values the NRL club at about $200 million, is the first time the sport has attracted a big investment from international private equity.

EQT takes majority stake in Melbourne Storm

Swedish private equity firm EQT has acquired a majority interest in Australian rugby league club Melbourne Storm, marking its first direct investment in a professional sports team according to a report by the Financial Times. The report cites an unnamed person familiar with the deal as revealing that the transaction values the National Rugby League club at about AUD150m ($106m). EQT reportedly declined to comment on the valuation. The Melbourne …

Storm set for huge financial boost as ownership structure changes

The acquisition has been confirmed.

EQT to become new Melbourne Storm owner

The National Rugby League team has announced the global investor is set to acquire a majority stake in the club, but financial details of the transaction were not disclosed. EQT will invest in the club's key strategic priorities with a focus on strengthening the football program and player pathways, as well as enhancing matchday and fan experiences. The investment will also attract new commercial sponsorships and global partnerships to substanti…