Silver Lake buying a stake in the ABs?
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@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in had to sell off another 10% of whatever they have voted to sell?
Of course. Some PUs will be wanting this money more urgently than others because of their financial situation. I'm curious who voted against this deal.
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@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
$20M for Bay of Plenty
put the rest in to reserves for 10 years.
see, that was easy, what's for lunch?
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@mariner4life said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
$20M for Bay of Plenty
put the rest in to reserves for 10 years.
see, that was easy, what's for lunch?
Rubbish, for a small fee* I will divide it much more fairly
*1 mill each, 6 mill fee
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@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in hand to sell off another 10% of whatever they have voted to sell?
Incidentally I do not recall any of the three rugby clubs that I am a financial member of seeking my opinion on how they should instruct their delegates to their provincial unions to vote on the Silver Lake proposal. Will make enquiries whether the clubs were actually asked for their opinions by the people they employ to run one of the two organisations (their provincial union, the NZRFU being the other) they own.
I not sure how your rugby club works Higgins but no club who's committee I was on would of asked it's members for their opinion. This deal has been discussed for 2 years, I am sure if you thought they should be asking you , it could of been bought up by you at either of the AGMs any of the 3 clubs would of had in that time. I have been on a few club committees, and provincial union, and I was nominated and voted on to run club and make decisions for club and not never felt I should go and ask memebers on decisions, as anything of impotance over that time would be discussed by concerned members at AGNs surely!
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@Bovidae said in Silver Lake buying a stake in the ABs?:
@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in had to sell off another 10% of whatever they have voted to sell?
Of course. Some PUs will be wanting this money more urgently than others because of their financial situation. I'm curious who voted against this deal.
Somebody who pays mild attention to proverbs. "Behind every cloud is a Silver Lake"
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In hindsight, this whole saga is looking increasingly hilarious.
NZRU spent a lot of time and effort chasing their pieces for silver for a "product" that is now rapidly turning into a lemon, all because the NZRU geniuses forgot to take good care of what mattered most in the first place.
It started with the ongoing jobs for the boys approach to something as serious as All Blacks coaching roles. Then apparently taking their eye off the wider high performance ball while they were busy trying to sell part of NZ rugby to the highest bidder. And in the process the whole thing is turning into a vat of custard.
I wonder what Silver Lake may think of people like Mark Robinson about now...
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@Donsteppa said in Silver Lake buying a stake in the ABs?:
In hindsight, this whole saga is looking increasingly hilarious.
NZRU spent a lot of time and effort chasing their pieces for silver for a "product" that is now rapidly turning into a lemon, all because the NZRU geniuses forgot to take good care of what mattered most in the first place.
It started with the ongoing jobs for the boys approach to something as serious as All Blacks coaching roles. Then apparently taking their eye off the wider high performance ball while they were busy trying to sell part of NZ rugby to the highest bidder. And in the process the whole thing is turning into a vat of custard.
I wonder what Silver Lake may think of people like Mark Robinson about now...
They're probably thinking he's an incredible salesman for selling them a pup ☺️
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@Tim said in Silver Lake buying a stake in the ABs?:
@stodders They're probably cackling over all the clauses they sneaked into the contract with NZ Rugby. I suspect they will fleece us.
True, if the NZRU negotiated contract clauses like they hire All Blacks coaches, well....
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@Tim said in Silver Lake buying a stake in the ABs?:
@stodders They're probably cackling over all the clauses they sneaked into the contract with NZ Rugby. I suspect they will fleece us.
Either that, or they’ll bring in an American VC approach and demand changes to the product.
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@MajorRage said in Silver Lake buying a stake in the ABs?:
@Tim said in Silver Lake buying a stake in the ABs?:
@stodders They're probably cackling over all the clauses they sneaked into the contract with NZ Rugby. I suspect they will fleece us.
Either that, or they’ll bring in an American VC approach and demand changes to the product.
I'm hopeful they leverage their knowledge of pumping a brand to increase the value. The Tauranga Ports example - where some of that skill and discipline leads to more than doubling the value of the asset.
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@nzzp hopefully that's not export reliant! We lose enough good talent as it is 😉
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@Paekakboyz said in Silver Lake buying a stake in the ABs?:
@nzzp hopefully that's not export reliant! We lose enough good talent as it is 😉
I don't think so. I think it's around raising All Black brand in places it isn't and leveraging it.
Honestly, if Silver Lake are the real deal, they should bring access to digital knowledge and channels we just don't have in NZ, and align our success - raising the profile of ABs.
The concern is they are shitty venture capitalists who want to milk it further with longer seasons, more exhibitions, etc.
Time will tell, but the current governance doesn't make me confident at all
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The benefit of a deal like Silver Lake to a business is that it provides an injection of cash. Such cash could be used to deal with potential problems that rely some cashflow to resolve.
A hypothetical example might be say where an employee or contractor is doing damage to the brand and money is required to pay them out of their contract.
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@mikedogz said in Silver Lake buying a stake in the ABs?:
“Cayman Islands”
This all sounds above board.
