Bloomberg: Dallas-Based Major League Rugby Explores Raising $100M To Fuel Growth

Dallas-based Major League Rugby is looking to raise $100 million to fuel its growth, according to a Bloomberg report. 

Nic Benson, the league’s CEO, “is working with an advisor” on the $100 million raise, Bloomberg added.

The league has 12 teams in the U.S. and Canada, including the Dallas Jackals, who had their inaugural season in 2022 and play their home games in Arlington’s Chowtaw Stadium, the former home of the Texas Rangers.

Last August, Dallas Innovates wrote about the DalLas Jackals hiring former NHL and MLB executive Steve Violetta as the team’s president, following the earlier appointment of GM Santiago Sodini.

Dallas Jackals part owner Rodd Newhouse with GM Santiago Sodini and President Steve Violetta at Choctaw Stadium. [Photo: Dallas Jackals]

“I see plenty of upside for improvement off the pitch,” Violetta said at the time. “Our immediate 2023 goal is to provide our fans the highest quality game experience and entertainment value. Long term, we want to be an elite franchise not only in Major League Rugby, but in all professional sports.”

The Jackals are owned by an investment group including Neil Leibman, part owner and COO of the Texas Rangers and managing partner of Top Tier Sports

Major League Rugby matches are televised by Fox Sports, among other national and local platforms. Select matches are available to stream live in  North America on The Rugby Network.

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