Published: April 28, 2021
- Provincial unions give green light for NZ$387.5m deal
- Proposal still needs consent of players’ union to go ahead
New Zealand Rugby has moved a step closer to selling a stake in the game after the nation’s provincial unions voted unanimously to give the green light to a huge deal with a US investment firm.
The unions voted to sell a 12.5% stake to the private equity firm, Silver Lake, that would bring a cash injection of $NZ387m to NZR, which posted a NZ$18.7m operating loss at its AGM on Thursday.
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