3 Jun 2022

US equity firm Silver Lake sign $200m for percentage of NZR

From First Up, 5:53 am on 3 June 2022

New Zealand Rugby yesterday signed a 200 million dollar deal with US private equity firm Silver Lake, giving it control of its revenue-generating assets. At a special general meeting yesterday the 26 provincial unions and the Maori Rugby Board voted in favour of the deal - the last piece in the jigsaw that NZR needed to get the deal across the line. The proposal was approved, with 89 votes for and one against. Nathan Rarere spoke about this with New Zealand Rugby Players Association chief executive Rob Nichol.