All Blacks team and players union agree to deal that will inject $24.81m in the game at all levels
New Zealand Rugby and the players union have struck an in-principle agreement to sell a minority stake in NZR’s commercial business to US private equity firm Silver Lake for $133.54m.
The deal must still be ratified by a majority of New Zealand’s 26 provincial rugby unions, which stand to receive reduced distributions compared with the previous agreement. NZR will retain full control over rugby as well as the commercial strategy, it said in a joint statement with the New Zealand Rugby Players Association and Silver Lake.
NZR and NZRPA will take a 15% share of GRO’s profits in return for “their contribution of sports expertise, know-how and relationships”.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAHRC greeted to black filth at Wemmer Pan lake during inspectionSamples will be taken to determine the source of the contamination with the view of finding lasting solutions.
Read more »
Bullets fly as the politicos hunker downBullets fly as the politicos hunker down: Stellenbosch will also be under fire if Lindiwe Sisulu gets the nod in December
Read more »
Bulls box clever with former world champion to get players in shapeSebastiaan Rothmann uses his experience in the ring to unlock a new trend in rugby rehabilitation
Read more »
Proteas thinktank faces crucial selection posers for the first Test against New ZealandSA's thinktank have two important selection decisions to make for the first Test against New Zealand starting on Thursday at the Hagley Oval in Christchurch.
Read more »
Proteas captain Dean Elgar won't underestimate weakened New ZealandSA will not underestimate the weakened New Zealand side in the first of two Test matches starting on Thursday at the Hagley Oval in Christchurch.
Read more »