Silver Lake buying a stake in the ABs?
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@Winger said in Silver Lake buying a stake in the ABs?:
Yet the NZRPA supported this deal didn't they.
They were very sceptical of it, and forced a review of the deal. That lead to a reduction of the revenue share sold to Silver Lake, which was sold at a much higher price.
I wouldn't blame the NZRPA for this deal. They wanted NZR to explore raising money locally instead.
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@Kiwiwomble Holding a well-funded US private equity firm to "account". Not easy!
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger that would be dependant on what they were sold, if silver lake isn't doing what they said they would to grow things then THEY should be held to account
But so what? I doubt if there is a clause to cancel the agreement if SL doesn't perform. I kind of think NZR might have been taken for fools. Just on the little I have read on it. So, it could in fact be a wonderful deal.
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@Tim very true....but at very least the poor semi amature PU board members shouldnt be punished if it was to be found silverlake had dropped the ball
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
found silverlake had dropped the ball
Thye haven't though. From their viewpoint. It's a small up-front investment for guaranteed ongoing good returns it seems.
I just hope its not as terrible as it seems from NZR viewpoint. 7.5% is a lot of money to loss year after year
poor semi amature PU board members shouldn't be punished
Aren't 6 out of 9 appointed. So, they shouldn't be incompetent. But if proven to be just that they should go. Along with the 3 too. We don't want fools on the board of NZ rugby
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@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Fine. And NZ rugby might not ever see it. But what then? Is there a remedy for NZR?
I don't know so I suppose I shouldn't criticise, I guess. But I'm starting to feel uneasy about this SL buy-in. Esp as the Board has bene publicly criticized as not fit for purpose. And the recent Board makeup proposal by NZR was truly awful.
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@Winger said in Silver Lake buying a stake in the ABs?:
.... But I'm starting to feel uneasy about this SL buy-in....
i think we all are, i just dont think we can jump on the PU board members for fing up until we know for sure whats gone on, could also be big bad american private equity firm takes advantage of well meaning amateurs
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Aren't we hoping for a lot if we think these new revenure streams would be instant? I genuinely doubt whether SL wanted to just have a stake in NZR with no thoughts etc and ideas that it was going to get bigger. I think you can see it with leaning toward more games towards USA etc, and especially Asia. I actually think we will see even more games from MAB etc happening to spread the name and get even more markets opened I will still be surprised if we don't see some kind of online game in next 5 years or so.
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NZR+ (to the best of my knowledge) doesn’t play games - everything still goes through TV deals. If they set it up to be an online rugby site with all games then it will quickly get members. The question is of course whether it’s worth running it in all markets, but in my case I I pay about $30 a month to a service I only use for rugby. I’d happily pay that directly to NZR+ but I doubt there are enough customers like me.
As a pay per game idea, it could have merit for people like my family who don’t have it but might pay $10-20 for a one match payment (eg, super final, AB games).
All of that is to say that any rugby space without actual live (or even delayed games) is always likely to be a failure.
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@gt12 I'd love to give NZR whatever I give to Stan if that meant I could chose whether or not to listen to the commentary.
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Unless they did something ‘hip’ like getting the NZR commentary by those fuckheads from the Alt cricket commentary.
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Always a big issue. The Neoclassical economics model is all about selling ownership for investment. It’s whether the investment is nothing more than finance you could have got from a bank. NZ’s state owned asset sales perfect example.
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@Kirwan said in Silver Lake buying a stake in the ABs?:
I'd drop Sky for NZR+ if they streamed games. I don't watch anything else on Sky.
That's why I am on Sky Sport Now, I got rid of satellite. I think I have watched one thing on NZR+ but I like games and analysis, I'm not interested in the 'stars' as personalities and behind the scene 'insights' - so I'm not the target audience
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really feel like NZR are on a different planet, all the fluffy content "work" in other sports on the back of competitive and popular sports with engaged fan bases.... not independent of those things
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Ta$man v Welly not being broadcast here. Sky UK broadcasting fuck all games this year and seemingly at random, with many weekends no games at all (like this weekend). What the fuck is that about?
I thought silverlake was supposed help sort this kinda shit, not going to improve the product if you get even less eyes on it. Just went on the AB app for the first time in about a year and see it hasn't changed and a bit crap looking. Does what it needs to I guess but a bit of a crap experience and dislike how dated it seems with some pages showing old info compared to other pages.
