Silver Lake buying a stake in the ABs?
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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.
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@Billy-Tell said in Silver Lake buying a stake in the ABs?:
@mikedogz said in Silver Lake buying a stake in the ABs?:
“Cayman Islands”
This all sounds above board.
Mossack Fonseca advising?
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All Blacks legend Richie McCaw confirmed as director of New Zealand Rugby-Silver Lake entity
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@BerniesCorner said in Silver Lake buying a stake in the ABs?:
All Blacks legend Richie McCaw confirmed as director of New Zealand Rugby-Silver Lake entity
#BooBoo
See 3 posts above yours
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I'll put it in here, because the review is on the back of the deal. But stuff being quite succinct about the shit show that is NZR for the last few years. Arrogant cocks
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NZRs fault. total mess
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@Machpants said in Silver Lake buying a stake in the ABs?:
Good read but a bit scary if true, (a lot of secret sauces in that article) but it reads to me that older (ex?) players are secretly concerned and that I am not alone in my suspicion the board doesn't have the right experience.
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