While born in Australia, Mactaggart said he is a very proud Kiwi and is very passionate about Hawke's Bay, and he wanted to keep Golden Oldies in New Zealand ownership.
Golden Oldies was originally started in 1979 by Hawke's Bay man Tom Johnson, so "it's kind of lovely" that it has a Hawke's Bay owner once again, which Mactaggart describes as "kind of a sense of coming home".
"It would've been sad to see it go overseas, to tell you the truth. That was my motivation.
"It's a great idea, a great fraternity and network around the world of people who are very passionate about their recreational sport, it's good to keep it in Kiwi hands."
Mactaggart hopes that at some stage in the future a major Golden Oldies event can be brought to Hawke's Bay.
While he said it is "very early days" he added that it is "certainly my thinking for the future."
Hawke's Bay has a strong Golden Oldies rugby community already that runs their own mini-tournaments, and there are similar communities around the world.
Details of the three 2022 tournaments are yet to be announced but they will be across four sports – rugby, netball, hockey and cricket.