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SunLive - Farah Palmer Cup to continue without Akld teams

SunLive - Farah Palmer Cup to continue without Akld teams
sunlive.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunlive.co.nz Daily Mail and Mail on Sunday newspapers.

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Auckland, Counties-Manukau and North Harbour withdraw from Farah Palmer Cup

Auckland, Counties-Manukau and North Harbour withdraw from Farah Palmer Cup
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

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All Blacks Players Fret Over Team's Fate If Silver La...

Now New Zealand Rugby, facing mounting losses, wants to leverage that valuable asset by selling a slice of its commercial operations to U.S. private equity firm Silver Lake. But the proposed deal requires the approval of the players, who fear it will bring a level of commercialization that could do more harm than good to the All Blacks.
The New Zealand All Blacks huddle on the pitch after their Rugby World Cup 2019 Semi-Final match in Yokohama, Japan.
It’s a dilemma rippling through all levels of world sport. Owners of teams and leagues are increasingly drawn to the marketing expertise offered by private equity and the money. For their part, investors see profit potential in fan loyalty and lucrative broadcast contracts. ....

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All Blacks players fret over team's fate if Silver Lake buys in

A move by the U.S. private equity firm to purchase a stake of New Zealand Rugby's commercial operations has drawn criticism. ....

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NZ Rugby votes to sell commercial share to US investors

NZ Rugby votes to sell commercial share to US investors
By STEVE McMORRANApril 29, 2021 GMT
WELLINGTON, New Zealand (AP) New Zealand Rugby will move ahead with a plan to sell a 12.5% stake in its commercial rights, mainly the All Blacks, to U.S. investors after winning the support of provinces at its annual meeting Thursday.
New Zealand’s 26 provincial unions voted unanimously in favor of the proposal to sell the stake to California-based Silver Lake Partners for 387.5 million New Zealand dollars ($279.2 million), valuing the rights at NZ$3.1 billion ($2.2 billion).
The only remaining obstacle to the private equity deal is the New Zealand Rugby Players’ Association. The union representing professional players has expressed concern about several aspects of the sale, including the possible commercialization of traditional and cultural symbols such as the silver fern and All Blacks’ haka. ....

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