15 Apr 2009

New sponsor for Tri Nations in New Zealand

6:20 am on 15 April 2009

A specialist banking group is the new sponsor of the Tri Nations rugby competition in New Zealand.

Investec Group .takes the place of former sponsor Philips which ended its 15-year association with New Zealand rugby after closing its Australasian consumer television operation.

The new two-year deal, brokered by sports marketing specialists, Essentially Group, will start this season.

Investec is involved in a number of rugby sponsorships in Englan,d, South Africa and Australia .

The NZRU's chief executive Steve Tew says the deal is especially welcome given the very challenging economic conditions.