EQT buys Melbourne Storm in first sports investment
Swedish private-equity group EQT acquired Australian rugby league club Melbourne Storm in its first investment in a sports team, the Financial Times reported. The transaction adds to a wider pattern of private-capital firms buying stakes in clubs and leagues as they seek commercial growth from media, sponsorship and fan demand.
Why it matters
EQT's entry extends private equity's expansion into professional sport and could influence how the club is financed and developed.
Sources
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Part of the August 19, 2026 brief.