Silver Lake buying a stake in the ABs?
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@booboo said in Silver Lake buying a stake in the ABs?:
The Herald was leaked a report which showed that had NZR taken that deal with Silver Lake as it stood in April, they would most likely be running at an operating loss by 2025 and living off the investment returns of their cash reserves.
Who wrote the report and what was their agenda?
I think that was the NZRPA commissioned report. That's why they were so against it, their pencil necks said it was a very hard deal with no guarantees. Just a 'we'll double your income'. That's it
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@machpants said in Silver Lake buying a stake in the ABs?:
@booboo said in Silver Lake buying a stake in the ABs?:
The Herald was leaked a report which showed that had NZR taken that deal with Silver Lake as it stood in April, they would most likely be running at an operating loss by 2025 and living off the investment returns of their cash reserves.
Who wrote the report and what was their agenda?
I think that was the NZRPA commissioned report. That's why they were so against it, their pencil necks said it was a very hard deal with no guarantees. Just a 'we'll double your income'. That's it
It was a smash and grab deal by a bunch of investment Bankers. Those guys are never your friends. Mark Robinson, Brent Impey blinded by money up front (chump change for those guys) just bought into the narrative of we need investment and sold the Unions a pup. The Bankers eliminated their downside risk, talked up their market contacts but NZR were taking all the risk - that’s not investment that’s just Finance.
What you can’t forgive is their arrogance in presenting it as a done deal as if they were saving NZ Rugby ( we are the heroes ) and dismissing opposition. This is the same way NZRFU treated Australian over Super rugby - the Aussies just gave them the finger.
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@kev Can't say I've followed this deal closely - but, when you look how poorly NZR performs in comparatively simple things like running fair and balanced competitions, I have zero faith in them not being taken to the cleaners by Silver Lake.
As you point out - their Super rugby negotiations with the Aussies are a glaring example - but, I've been nominated for a broken record for criticising a variety of others.
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@machpants said in Silver Lake buying a stake in the ABs?:
https://www.stuff.co.nz/sport/rugby/300485991/nz-rugby-light-at-end-of-tunnel-for-silver-lake-deal
Um maybe, now there maybe light at the end of the tunnel
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As I’ve said before, if Silver Lake can add commercial clout it ought to be prepared to sign up to a share of future revenue growth, that is have no share in existing revenue.
If further semolians are required, some form of preference share ought to be capable of delivering the necessary.
As pointed out by Dr. Egon Spengler it is calamitous to cross the streams.
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It's a deal: New Zealand Rugby and Silver Lake sign partnership
The partnership has finally been approved.
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now lets watch and see if rugby as we know it slowly unravels in NZ or the rot is stopped, hopefully the latter
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@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
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@duluth said in Silver Lake buying a stake in the ABs?:
It's a deal: New Zealand Rugby and Silver Lake sign partnership
The partnership has finally been approved.
It certainly looks alot better for NZ rugby (&NZR) than the initial deal, which appeared to my non business mind very much favoured Silver Lake
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
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@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
IF it is done well (big fat IF), then it should generate more value than you give away. Leverage the brand, generate way more than 10% more revenue; Silver Lake win, we win, and we have a nice nest egg to carry us through.
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@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
we should immediately buy Roger Tuivasa-Sheck
wait...
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@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
Considering that NZR went into covid with millions in the bank I don't see it happening. One thing NZR had done is made the money to as far as possible, hopefully this deal means we have more money to use wisely
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@nzzp said in Silver Lake buying a stake in the ABs?:
@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
IF it is done well (big fat IF), then it should generate more value than you give away. Leverage the brand, generate way more than 10% more revenue; Silver Lake win, we win, and we have a nice nest egg to carry us through.
Read some article NZ Herald today about the Players costing the Provinces money with this new deal. Probably the stupidest thing I have ever read - then it was only the Herald who resemble Fox News more and more every day. The only thing worse would be that it was true and we have Provinces who think the original deal was better?
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A final decision is not too far away.
The fate of the proposed New Zealand Rugby-Silver Lake deal will finally be known on June 2.
NZ Rugby announced on Wednesday that a special general meeting has been called to allow members to vote on the Silver Lake. The SGM will take place at NZ Rugby’s Auckland offices.
