Silver Lake buying a stake in the ABs?
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Wow this looks a lot worse than the Silver Lake deal, from the limits in this article
Springboks: 'Several red flags' raised as SA Rugby risk losing crucial rights in $75m private equity deal
SA Rugby will hand over control of the Springboks’ commercial rights to private equity company Ackerley Sports Group (ASG), according to a report.
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Huh. less than a year.
Top NZ Rugby commercial boss leaves after one year in job
New Zealand Rugby has lost one of its biggest names.
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According to today's Herald:
In the meantime, Silver Lake will start taking an annual $20m plus dividend from next year. In perpetuity.
New broadcast deal with Sky is being negotiated now and is expected to be smaller?
Yikes.
Sports Insider: Time to draw a line under Silver Lake shambles
OPINION: 'I hate to say I told you so, but I told you so.'
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in my experience people who say "I hate to say I told you so" invariably want to.
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@nostrildamus said in Silver Lake buying a stake in the ABs?:
in my experience people who say "I hate to say I told you so" invariably want to.
These guys deserve it though.
What an ill conceived idea. -
@gt12 said in Silver Lake buying a stake in the ABs?:
@nostrildamus said in Silver Lake buying a stake in the ABs?:
in my experience people who say "I hate to say I told you so" invariably want to.
These guys deserve it though.
What an ill conceived idea.Yes I had earlier read the coach's slam dunk of them and thought this sounds like crap (i.e. I instantly believed him) but I don't imagine the bigwigs at NZR will address it directly. Perhaps there is another side to the story (although the facts look damning). If not, those standing again should be named and forced to explain. The story of large chunks of the promised money disappearing to sweeten people over to voting yes sounds all too likely..
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Catch-up edition: Choppy waters at NZRC
A scouring of the news reveals I’ve missed a couple of things, PLUS: Notes from Pune
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@KiwiMurph I remember he and Anton Oliver did a YouTube video together during one of the UK Covid lockdowns where they talked about their vision for NZ Rugby, which was to be constant innovators. I am not surprised that rubbed badly against some of the "head in the sand" brigade who currently rule the roost. Sad!
I wouldn't be surprised to see him return to London to a highly paid and highly influential job.
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@sparky said in Silver Lake buying a stake in the ABs?:
@KiwiMurph I remember he and Anton Oliver did a YouTube video together during one of the UK Covid lockdowns where they talked about their vision for NZ Rugby, which was to be constant innovators. I am not surprised that rubbed badly against some of the "head in the sand" brigade who currently rule the roost. Sad!
I wouldn't be surprised to see him return to London to a highly paid and highly influential job.
Provincial unions are the antithesis of innovation
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@Machpants I suspect that is it. Fenton's come in with big words, lots of corporate connections and talk of change and it's frightened the hell out of the provisional unions and super franchises who want continuity. He's been given the devil's job of trying to negotiate a better TV deal for SuperSnore and it's all gone pair-shaped.
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@Machpants not just provincial unions - seems that many committees (by whatever names) and members (whether individuals or clubs) don't want their organisation to run at a loss (fair enough) but also don't particularly want pay higher fees. That makes it the path of least resistance to just continue with status quo, which then frustrates movers and shakers a lot.
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the PU's actually own the present system
although their grasp has been whittled away a liitle
if you want them to go away (F off) and take the cream . . . you'll have to actually pay them
thats how it works in business . . . i think they call it "good will" . . . haha
Project to achieve financial sustainability for rugby in New Zealand kicks off
