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Rugby Australia to Start Stake Sale Within Weeks, CEO Says

  • The league will sound out interest for up to 20% stake
  • Rugby Australia will target foreign buyout firms in process
Andy Marinos in 2022.
Andy Marinos in 2022.Photographer: Matt King/Getty Images 
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Rugby Australia plans to kick off the search for new investors as soon as in the next two weeks as it gets ready for key international games including the 2029 World Cup and to fund the growth of women’s rugby.

The football league will sound out interest for a stake of as much as 20% and will target overseas private equity firms that have investments in other sports franchises, according to Chief Executive Officer Andy Marinos. Rugby Australia has spoken with key stakeholders including member clubs and the players’ association on their preferences for potential investors, he said.