EQT will become majority shareholder of Melbourne Storm, the National Rugby League club announced on 19 August, after a global process to find a strategic partner.
Why EQT (Mid-Market Opportunities) is buying Melbourne Storm (majority stake)
EQT said it would invest in strengthening the football programme and player pathways, improving the match-day experience, attracting sponsorships and global partnerships, and growing rugby league in Victoria, drawing on its experience in sport through IMG Academy.
“We conducted a thorough process to find the right partner to help us to continue driving the Club forward and are pleased to be able to do so with EQT joining our ownership group.”
Deal terms and financing
Financial terms were not disclosed. EQT will join members of the existing ownership group on the board, and Matt Tripp remains chairman.
Regulatory approvals and timing
The investment is subject to approval by the Australian Rugby League Commission.
Market context
Chief executive Justin Rodski, head coach Craig Bellamy and director of football Frank Ponissi will continue to run the club.
