Major League Rugby Seeks $100 Million to Fuel North American Growth

Major League Rugby, a professional North American sports league, is exploring raising capital to fuel its growth, according to people with knowledge of the matter.

The Dallas-based organization, led by Chief Executive Officer Nic Benson, is working with an adviser to raise roughly $100 million, said some of the people, all of whom requested anonymity discussing confidential information. Terms, including the amount being sought, aren’t finalized and could still change.