The Fiji Times » Silver Lake deal: Robertson urges NZR, players to continue talking fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
The document said $39 million will be distributed to stakeholders, such as provincial unions.
NZ Rugby
The details around the controversial Silver Lake deal the New Zealand Rugby AGM will be asked to approve on Thursday. A legacy fund will be established to ensure the sustainability of rugby at all levels. More than nine months in the making, the deal must receive backing from more than 50 per cent of the country s provincial rugby unions at the AGM along with the approval of the New Zealand Rugby Players Association. A California-based private equity firm, in 2019 Silver Lake acquired a 10 per cent stake in City Football Group (CFG), which owns English Premier League side Manchester City and teams in the United States, Australia and China.
New Zealand Rugby chairman Brent Impey
Photo: Photosport
New Zealand Rugby (NZR) need the backing of more than 50 percent of the country s provincial rugby unions at Thursday s AGM along with the approval of the New Zealand Rugby Players Association for Silver Lake to get a 12.5 percent stake in NZR s commercial interests.
The deal is worth $387.5 million for NZR.
NZR chairman Brent Impey said the mediation between NZR and the New Zealand Rugby Players Association was ongoing and the players would not support the deal at the AGM. We ve agreed to go back to our stakeholder groups, we ll reconvene at some point after this week, but no deal with the players, Impey told Checkpoint.
Silver Lake deal: Robertson urges NZR, players to continue talking rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.