Get Newsletter

All Blacks get their private equity deal

BREAKING NEWS: New Zealand Rugby confirmed they had secured a NZ$200-million (US$134-million) investment from US private equity firm.

ADVERTISEMENT

This was announced after NZ Rugby finally gained support for the deal from the players’ union.

“This partnership presents rugby with an extraordinary opportunity to secure its future and unleash its true potential,” NZ Rugby Chief Executive Mark Robinson said in a statement.

“We are truly excited by what we can achieve together with Silver Lake’s world class capabilities,” he added.

The statement said the partnership marks the beginning of a “transformational phase” for the entire game in New Zealand.

It will provide money for the cash-strapped union to invest in priorities such as women’s and grassroots rugby, as well as creating a legacy fund ensuring financial stability well into the future.

It follows almost two years of sometimes acrimonious negotiations when the New Zealand Rugby Players’ Association threatened to veto the deal.

ADVERTISEMENT

NZRPA chairman David Kirk, who last year told AFP he feared the investment would result in the famed All Blacks being sold out to commercial interests, said he now supported the partnership.

“The agreement provides capital on a sound economic basis and Silver Lake brings the additional capability to execute on the new growth opportunities,” he said.

Under the deal, Silver Lake gains a stake in NZ Rugby’s commercial rights and is expected to take the lead negotiating merchandise and broadcast deals worldwide.

“Digital technologies are transforming all sports, and we look forward to bringing our global network and resources to help New Zealand rugby drive innovation and take advantage of all the opportunities ahead,” Silver Lake managing director Stephen Evans said.

ADVERTISEMENT

The focus for the Americans is the All Blacks, the three-time world champions recognised globally as the benchmark in Rugby Union.

 

NZR-statement-screen-grab

Join free

Yokohama Canon Eagles vs Toshiba Brave Lupus Tokyo | Japan Rugby League One 2024/25 | Full Match Replay

Edinburgh vs Glasgow | Celtic Challenge 2024/25 | Match Highlights

Boks Office | Episode 31 | Investec Champions Cup Review

Global Schools Challenge | Day 2 Replay

The Backyard Bunch | The USA's Belmont Shore

AUSTRALIA vs USA behind the scenes | HSBC SVNS Embedded | E04

South Africa v France | HSBC SVNS Cape Town 2024 | Men's Final Match Highlights

Two Sides - Behind the scenes with the British & Irish Lions in South Africa | E01

Write A Comment