Silver Lake buying a stake in the ABs?
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Great to finally see some sense here at last and not the PR sledgehammer of emotion without supporting detail. David Kirk has a vastly better proposal. I am very disappointed at how Mark Robinson has presented the Silver Lake thing to sell it on behalf of NZRU. It feels like a Sledge Hammer approach of "Trust me I know what I'm doing" while offering prompt cash handouts to gain support but not properly outlining details of the income streams and risks beyond that.
This is not an election to get 4 more years in power. It is about the longer term strategic plan for NZ rugby. I was involved in another sport that was torn apart from going down a similar route to Silver Lake. There are plenty of informative analogies out there. We'll done to Mr Kirk the players association and Forsyth Barr. We can now all look forward to some meaningful information on how their investment in NZRU will work at inception and moving forward. -
You would have to have rocks in your head to be a mum and Dad investor to go anywhere near the proposal that David Kirk is suggesting especially when you look at the big picture ,numbers playing are free falling , clubs are struggling to get numbers in many cases amalgamating..and even if you look at the game at the very top level , they play to half fill stadiums …I could not give a continental where David got his degree , this proposal has got more potential to more serious damage in the hearts and the minds of the supporters that the game has got left …have not met one person who said they would invest , I am already paid my dues for supporting and following this game I love ..
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@steven-harris said in Silver Lake buying a stake in the ABs?:
You would have to have rocks in your head to be a mum and Dad investor to go anywhere near the proposal that David Kirk is suggesting especially when you look at the big picture ,numbers playing are free falling , clubs are struggling to get numbers in many cases amalgamating..and even if you look at the game at the very top level , they play to half fill stadiums …I could not give a continental where David got his degree , this proposal has got more potential to more serious damage in the hearts and the minds of the supporters that the game has got left …have not met one person who said they would invest , I am already paid my dues for supporting and following this game I love ..
Interesting, I had a discussion with the wife already about putting in $1000.
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@steven-harris said in Silver Lake buying a stake in the ABs?:
You would have to have rocks in your head to be a mum and Dad investor to go anywhere near the proposal that David Kirk is suggesting especially when you look at the big picture ,numbers playing are free falling , clubs are struggling to get numbers in many cases amalgamating..and even if you look at the game at the very top level , they play to half fill stadiums …I could not give a continental where David got his degree , this proposal has got more potential to more serious damage in the hearts and the minds of the supporters that the game has got left …have not met one person who said they would invest , I am already paid my dues for supporting and following this game I love ..
Yeah, I don't normally think of anything like this but would love to put a small amount in to truly be a shareholder in the game rather than trying to hold that claim because I watch TV or go to a game. That makes me a customer not a stakeholder.
And yes, I've put time into the game with coaching kids etc and paid club fees. I don't think that affords any kind of right though. -
@crucial said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
You would have to have rocks in your head to be a mum and Dad investor to go anywhere near the proposal that David Kirk is suggesting especially when you look at the big picture ,numbers playing are free falling , clubs are struggling to get numbers in many cases amalgamating..and even if you look at the game at the very top level , they play to half fill stadiums …I could not give a continental where David got his degree , this proposal has got more potential to more serious damage in the hearts and the minds of the supporters that the game has got left …have not met one person who said they would invest , I am already paid my dues for supporting and following this game I love ..
Yeah, I don't normally think of anything like this but would love to put a small amount in to truly be a shareholder in the game rather than trying to hold that claim because I watch TV or go to a game. That makes me a customer not a stakeholder.
And yes, I've put time into the game with coaching kids etc and paid club fees. I don't think that affords any kind of right though.Reckon it does. It makes you an owner of the game.
The is owned by the club members, who appoint the representatives to the Unions, who appoint the NZR board.
To my mind, there are already shareholders in NZ Rugby.
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@booboo said in Silver Lake buying a stake in the ABs?:
@crucial said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
You would have to have rocks in your head to be a mum and Dad investor to go anywhere near the proposal that David Kirk is suggesting especially when you look at the big picture ,numbers playing are free falling , clubs are struggling to get numbers in many cases amalgamating..and even if you look at the game at the very top level , they play to half fill stadiums …I could not give a continental where David got his degree , this proposal has got more potential to more serious damage in the hearts and the minds of the supporters that the game has got left …have not met one person who said they would invest , I am already paid my dues for supporting and following this game I love ..
Yeah, I don't normally think of anything like this but would love to put a small amount in to truly be a shareholder in the game rather than trying to hold that claim because I watch TV or go to a game. That makes me a customer not a stakeholder.
And yes, I've put time into the game with coaching kids etc and paid club fees. I don't think that affords any kind of right though.Reckon it does. It makes you an owner of the game.
The is owned by the club members, who appoint the representatives to the Unions, who appoint the NZR board.
To my mind, there are already shareholders in NZ Rugby.
Sadly, the NZ Provincial Unions only appoint three of the nine Board members now - one per year.
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The McGod has spoken against the Silver Lake deal. Listen to the GOAT, folks, listen to the GOAT.
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@sparky said in Silver Lake buying a stake in the ABs?:
The McGod has spoken against the Silver Lake deal. Listen to the GOAT, folks, listen to the GOAT.
Good rugby player.
How's his corporate financial acumen? Genuine question.
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@booboo or his knowledge of all the finer detail.
Surely NZR have already investigated floating on the sharemarket at some point?
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@booboo said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
The McGod has spoken against the Silver Lake deal. Listen to the GOAT, folks, listen to the GOAT.
Good rugby player.
How's his corporate financial acumen? Genuine question.
I thought that he was among the group of players that have been playing in the investment markets for some time. I may have this wrong but aren’t he and DC big investors in the retirement care sector?
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@crucial doesnt necessarily make them experts on the detail of this proposal...?
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@canefan has he resigned? Or is that a call for him to go?
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@paekakboyz said in Silver Lake buying a stake in the ABs?:
@canefan has he resigned? Or is that a call for him to go?
Call to go
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@booboo said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
The McGod has spoken against the Silver Lake deal. Listen to the GOAT, folks, listen to the GOAT.
Good rugby player.
How's his corporate financial acumen? Genuine question.
Weird post.
Great Rugby Player. Nothing wrong with his intellect or his financial acumen as far as I'm aware. Invested more in the Black Jersey than the rest of us.
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@sparky said in Silver Lake buying a stake in the ABs?:
@booboo said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
The McGod has spoken against the Silver Lake deal. Listen to the GOAT, folks, listen to the GOAT.
Good rugby player.
How's his corporate financial acumen? Genuine question.
Weird post.
Great Rugby Player. Nothing wrong with his intellect or his financial acumen as far as I'm aware. Invested more in the Black Jersey than the rest of us.
Doesn't mean he knows Jack about how to financially secure the future of the game in NZ.
His best running buddy has an opinion, he agrees to it, quelle surprise. I'm not saying he's wrong, cos I have less idea than all of them, but the article and his opinion is about the same as 'club coach says one of his players deserves further international honours'. Not exactly unbiased
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@machpants But not necessarily wrong either. It's no secret McCaw has skin in the game that's my point.
The arrogance of Mark Robinson and Co is thinking they are the only ones with financial acumen and that their answer is the only answer.
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@sparky said in Silver Lake buying a stake in the ABs?:
@machpants But not necessarily wrong either. It's no secret McCaw has skin in the game that's my point.
Yeah fair enough, but don't we all?
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@crucial doesnt necessarily make them experts on the detail of this proposal...?
No, but that wasn't the question.
I simply stated that I think he has made good investment decisions in the past.
Anyway he isn'y commenting as an investment advisor, he is commenting on the way the SL deal has been presented and what he has been told about private equity deals in sports.
