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NZR accuses Players Association of sabotaging Silver Lake deal

New Zealand Rugby has reacted angrily to a players association proposal for a public share float which the association believes is better than the Silver Lake deal.
The Rugby Players Association and investment company Forsyth Barr has put together a proposal that would see NZR sell a 5% stake in of its commercial right via a public share float.
New Zealand Rugby s chief executive, Mark Robinson, said in a statement the organisation has been let down by the Players Association.
We are shocked and disappointed that Rob Nichol (NZRPA chief executive) has shared another counter proposal with media before sharing it with New Zealand Rugby. ....

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Forsyth Barr reckons Kiwis would jump at the chance to buy rugby shares

Why this proposal?
Former All Black World Cup winning captain David Kirk is chairman of the players union. He’s also a prominent businessman and is chairman of Forsyth Barr.
This connection has led to Forsyth Barr putting forward an alternative proposal for NZ Rugby to sell a 5 per cent slice of the company to the New Zealand public, via a share market IPO.
Forsyth Barr says the proposal is “a highly viable opportunity” for NZ Rugby and would ensure New Zealand rugby remains firmly in the control of New Zealanders and provide an opportunity for all New Zealanders to own a slice of New Zealand rugby. ....

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Public share float of NZ Rugby proposed rather than Silver Lake sell-off

Photo: RNZ
New Zealand investment company Forsyth Barr has suggested the sale of 5 percent stake in NZR s revenue generating assets through through an NZX-listed entity to the New Zealand public and institutions (NZ Inc IPO).
Forsyth Barr and the New Zealand Rugby Players Association (NZRPA) believe the valuation of NZR s commercial rights (Commercial Co) is between $3.4 and $3.8 billion, 12-23 percent higher than the Silver Lake valuation of $3.1 billion.
Selling 5 percent of NZR s commercial rights at the Forsyth Barr valuation is expected to deliver between $171 and $191 million.
This is significantly less than the cash boost of $387 million that NZR is expected to receive under the Silver Lake deal. ....

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NZR angered by public share float proposal

NZR angered by public share float proposal
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.

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Who will dominate Super Rugby Trans-Tasman?

Photo: PHOTOSPORT
That is the big question surrounding Super Rugby trans-Tasman ahead of this weekend s opening round.
Following the completion of domestic competitions in both countries, the combined version kicked off amid much interest in how the teams from across the ditch will fare against their All Black-laden counterparts in Aotearoa.
Prior to leaving to rejoin the Japanese national team, Highlanders coach Tony Brown was not short in confidence in his team, who finished second-last in Super Rugby Aotearoa.
I think we can win all those games.
If our guys believe they can do it, we ll be good enough to beat every team in this competition. ....

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