Silver Lake buying a stake in the ABs?
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@gt12 well not really, they are the result of the mums and dads that volunteer every week while thier child plays rugby with hopes of becoming an AB one day, even though most will only get to club footy level, and in recent years plenty drop out before then.
That is what I hope these guys are 'fighting' for.
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Would like to see it all laid out....
Still don’t know exactly what “access” these SL guys bring to new markets that couldn’t be replicated with a 100% ownership model and some debt funding? Still just smoke an mirrors.
Someone said on Radio that Provinces were getting an injection of $45m. Spread between the Unions that’s not much?
But the standoff and verbal exchanges is pretty shit. Don’t like it at all.
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@nostrildamus said in Silver Lake buying a stake in the ABs?:
I wonder what they will bring that a group of dedicated and well paid NZ business types couldn't..
The connections and experience of multi billion dollar companies - quite a lot really.
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@gt12 said in Silver Lake buying a stake in the ABs?:
At the end of the day, how will this be implemented without the players spending more time on the paddock, likely with more international travel?
The big big money comes from the efforts of about 40 guys a year, so I think it's fair for them to be worried about the effect of what might be expected from them when the NZRU needs to generate more revenue.
Exactly what I am going on about in my posts earlier.
NZ rugby started the slide to unsustainably once the SR franchises became cash drains rather than cash generating assets. In years after 2007.
It's the competitions that needs the investment. Not the top heavy current inverted pyramid.
If Silver Lake can buy into the comp and front load a cash injection to get TT SR off and running, and then Pacific Champions Cup with Japan clubs. Then yes, I'd be for it and could see the vision.
If SL can facilitate a TRC that includes the potential big markets of USA and Japan included, then yes I'd buy into that.
But, they're not.
What's changing? Except the chance for the provinces to piss away NZU equity for the price of meaningless AB exhibition friendlies.
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A couple of things which I find interesting:
(1) NZR only needs the support of more than 50 per cent of provincial unions (it was unanimous) but the NZRPA essentially has veto rights.
(2) The South Canterbury CEO said that "Two hundred and seventy players are holding us to ransom a bit".Does this mean that NZRPA only represents the SR players and I assume the contracted sevens players?
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I'd hope so too, but they are also professional footy players who are most likely to wear the extra work that will result from this action, and it doesn't appear that they will be getting any extra cash out of it.
I don't see why we should be asking a small group of people to most likely take on extra work for the same pay. In fact, it sounds like a recipe to lose players, not keep them.
I'll admit that I lean towards their side though, so that probably tints my thinking.
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@gt12 yea need to keep a good eye on the shop window, then the top selling super rugby in the shop, then the NPC in the back corner, but its the work in the factory out the back with school and club footy where you really need to ensure it is running as good as it can to keep the shop window looking great.
As to the players, has it said specifically they won't get any more money? I mean there is very little room in the calendar for all these extra matches people say they will have to play.
I expect doors will open for endorsements to earn more money though.
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NZR Press Conference after today's AGM
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I think you’re on the same question as I am, which is how are these extra revenues going to be developed? And, what are we giving up that may force us to have to follow ideas that only generate revenue and don’t necessarily (long term) support NZ rugby?
I dont trust any financier to have the better interest of NZ rugby as a core part of their thinking,
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@jc said in Silver Lake buying a stake in the ABs?:
@kiwiwomble Well if a pair of trainers sells for millions just because Kanye West wore them, I'd expect a ball touched by the hand of Richie McCaw to go for a billion at least.
How much would Ritchie be prepared to donate both for?
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Interview with Northland CEO re the decision
Northland Rugby Union CEO on why he voted for Silver Lake deal
One provincial rugby CEO has explained why he has backed a controversial deal around the future of New Zealand rugby. New Zealand Rugby’s 26 provincial un
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Simple explainer which seems about right, I like that NZR have post SL plans. Selling the stake too a pension fund is a great idea, after a growth powered by SL - hopefully!
Ozzie needs cash even more than we do
I think NZR didn't take the loans from WR, which means a full payment from next RWC.
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@gt12 said in Silver Lake buying a stake in the ABs?:
I'd hope so too, but they are also professional footy players who are most likely to wear the extra work that will result from this action, and it doesn't appear that they will be getting any extra cash out of it.
I don't see why we should be asking a small group of people to most likely take on extra work for the same pay. In fact, it sounds like a recipe to lose players, not keep them.
I'll admit that I lean towards their side though, so that probably tints my thinking.
what extra work will the players have to do?
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@machpants said in Silver Lake buying a stake in the ABs?:
Simple explainer which seems about right, I like that NZR have post SL plans. Selling the stake too a pension fund is a great idea, after a growth powered by SL - hopefully!
It's a very favourable piece.
This bit I like:
There is potential to play an international tournament every two or four years, with revenue-sharing opportunities through broadcasting rights and ticket sales.
I've said on here before that NZRU should be trying to create a Pan-Pacific Championship, played in November, so hosted in either Japan or USA, probably every 4 years. 2 pools a 4 (3 weeks) with a grand final and bowl/ plate round on the 4th week.
This would come at expense of an away tour and disrupt the reciprocal tour agreements with Europe. Which may be good, or may be a 'cost'.This bit I don't like:
It’s understood NZ Rugby and Silver Lake have discussed this, and agree the best way forward is for the All Blacks to play the same number of tests – currently at around 15 – a year, or less.
We absolutely need to be moving to a sustainable structure where we play less tests, and have a successful super rugby and champions league meaning that we don't need to milk the All Blacks cow for out of window tests and extra Bledisloes. I think this may be too long a game for private equity to be interested in?
With this in mind, I really hope if ARU are going private euqity it is also with SL and we get some 'synergies' (vomit) on the compeitions.
Are SL going to add anything to dealing with the amateur JRU? and weird company clubs Top League structure?
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@kiwiwomble said in Silver Lake buying a stake in the ABs?:
@gt12 said in Silver Lake buying a stake in the ABs?:
I'd hope so too, but they are also professional footy players who are most likely to wear the extra work that will result from this action, and it doesn't appear that they will be getting any extra cash out of it.
I don't see why we should be asking a small group of people to most likely take on extra work for the same pay. In fact, it sounds like a recipe to lose players, not keep them.
I'll admit that I lean towards their side though, so that probably tints my thinking.
what extra work will the players have to do?
According to that article above (which is the first I've read with any details), none.
I'm not sure I believe that, but even assuming that to be true, we could assume that they'll be played as much as they are now (which is probably too much), will have more PR and representative duties, and likely more travel. So, I'm not sure that telling that they won't be 'worse off' is quite the right pitch to be making.
Although that article has a few details, there still doesn't seem to be any real plan about where this extra income will come from.
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Part of their sales pitch to the PUs was that advances in technology could potentially make life easier for volunteers, find ways to connect clubs to communities and monetise data.
Ah that's good to hear. I have always wanted technological help in roping off fields, putting out the goal post pads, sweeping out changing rooms, scrubbing and hosing showers and toilets in the changing rooms, picking up rubbish from the surrounds of fields before and after games, emptying wheely bins, and many many other mundane jobs done by us volunteers.
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@nostrildamus said in Silver Lake buying a stake in the ABs?:
I wonder what they will bring that a group of dedicated and well paid NZ business types couldn't..
Cash?
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@booboo said in Silver Lake buying a stake in the ABs?:
@nostrildamus said in Silver Lake buying a stake in the ABs?:
I wonder what they will bring that a group of dedicated and well paid NZ business types couldn't..
Cash?
I guess my point was a little bit snarky. Good business management types could bring in cash without losing control..
