Silver Lake buying a stake in the ABs?
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Doesn't sound like this will be easily sorted.
The Silver Lake proposal will deliver far more value to rugby than just the money to support the game and communities around New Zealand but also open up new opportunities for the development of players at all levels and growth into new global markets,
Andrew Ritchie, the Chairman of the Northland Rugby Union says the future of New Zealand rugby for the next 50 years depends on bringing much needed support to the grassroots game as well as taking the game to the next level internationally.
“We know emotions are running high because rugby is so dear to all out hearts. However, we also need to understand that the many communities across New Zealand are the lifeblood of rugby and the Silver Lake proposal is the only actual proposal which will unlock the potential of the sport. It alone will provide the sustainable capital to improve infrastructure from clubrooms to the use of technology to better develop player skills at all levels of the game. New Zealand rugby will only get one shot at this and the Silver Lake proposal is an outstanding opportunity to secure a bright future for our national game,” says Ritchie.
Ritchie adds that it is worth remembering that the Players Representatives also started at the grassroots level and this is where the support was most needed to keep rugby alive.
“New Zealand rugby cannot continue to perform and grow as a local, national or international game unless we have the financial certainty to properly support game in the Heartland – the grassroots is where all players start their association with rugby right through to the All Blacks but unless we nurture our community game we cannot have a future. The Silver Lake deal is the only one on the table that locks in that support for the communities and grassroots rugby - we should embrace it including the Players Representatives because this is where they all began their careers too.”
Ritchie says it is disappointing the way that the Forsyth Barr announcement was made without any consultation with the New Zealand Rugby Union and its disingenuous introduction of promises it may never keep.
“Mums and Dads deserve to be told the truth and not given false promises of owning shares for $100 as a better solution for the future of New Zealand rugby – the issue is not about a few shares but how much financial support makes it into the communities and people in the Heartland that live and breathe rugby – only the Silver Lake proposal delivers this as well as a global sports distribution network that will transform rugby through new audiences, different global markets and technology.”
“All of the Provincial rugby unions have voted unanimously for the Silver Lake proposal which is a ‘win win’ opportunity of a lifetime for New Zealand rugby and the communities that provide the support for our national game. Let’s not make this a political football and but get on with delivering the benefits to grassroots rugby and provide a bright and certain future for the game.”
Article added: Monday 17 May 2021
FUTURE OF RUGBY IS THE GROWTH OF GRASSROOTS AND SUPPORT FOR COMMUNITIES
The Silver Lake proposal will deliver far more value to rugby than just the money to support the game and communities...
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Buck was on the union and player calls and isn't entirely convinced of the Silver Lake proposal...
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@bovidae said in Silver Lake buying a stake in the ABs?:
Both sides need to look at themselves in the mirror, pull their heads in and talk. However, the NZRPA has lost a lot of respect in my eyes for releasing confidential documents and playing this out in the media. Nichol is no better than Robinson.
I just had a look at the current board and it is no wonder this has gone the way it has. The board is loaded with finance and marketing experience along with histories as rugby board members at various levels but again at the finance side of things. There is very little rugby mana at the direction side of the organisation (Farah Palmer being the obvious lone wolf).
I was thinking along the lines of who has the rugby mana to bang heads together and get some common ground happening. Bill Osbourne is President but is keeping quiet and it's a bit of an ask for the Patron (Ian Kirkpatrick) to stand up and speak out from his figurehead role. -
Out of interest, I looked at the NZRPA board. Excluding the players, only David Kirk (Chairman) and Doug Wilson (ex Waikato player, chartered accountant) have any real business/governance experience. Rob Nichol is an ex-policeman and an accountant. So not a lot of common ground.
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@bovidae said in Silver Lake buying a stake in the ABs?:
Out of interest, I looked at the NZRPA board. Excluding the players, only David Kirk (Chairman) and Doug Wilson (ex Waikato player, chartered accountant) have any real business/governance experience. Rob Nichol is an ex-policeman and an accountant. So not a lot of common ground.
I didn't expect to see much crossover to the business side from the NZRPA. That was kind of my point. The obvious middle ground is a rugby person respected by both sides. At the moment both sides say that their position is 'for the good of the game' yet they have opposing views.
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@crucial said in Silver Lake buying a stake in the ABs?:
@bovidae said in Silver Lake buying a stake in the ABs?:
Out of interest, I looked at the NZRPA board. Excluding the players, only David Kirk (Chairman) and Doug Wilson (ex Waikato player, chartered accountant) have any real business/governance experience. Rob Nichol is an ex-policeman and an accountant. So not a lot of common ground.
I didn't expect to see much crossover to the business side from the NZRPA. That was kind of my point. The obvious middle ground is a rugby person respected by both sides. At the moment both sides say that their position is 'for the good of the game' yet they have opposing views.
Where's Jock Hobbs when you need him....
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@canefan said in Silver Lake buying a stake in the ABs?:
@crucial said in Silver Lake buying a stake in the ABs?:
@bovidae said in Silver Lake buying a stake in the ABs?:
Out of interest, I looked at the NZRPA board. Excluding the players, only David Kirk (Chairman) and Doug Wilson (ex Waikato player, chartered accountant) have any real business/governance experience. Rob Nichol is an ex-policeman and an accountant. So not a lot of common ground.
I didn't expect to see much crossover to the business side from the NZRPA. That was kind of my point. The obvious middle ground is a rugby person respected by both sides. At the moment both sides say that their position is 'for the good of the game' yet they have opposing views.
Where's Jock Hobbs when you need him....
I am a bit slow on catching up about the earlier goings on but there is no chance of Osborne leading any mediation. He is firmly in the SL boat as seen at the announcement.
Check out the subtitle to NZR on the screen
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The only credit I will give Rob Nicol is the fact he is winning the charm offensive hands down , has strategically drip fed the media with former with much respected former All Blacks urging the NZRFU to rethink but in reality the deal they have put on the table has so many flaws in it based on a whole lot maybes and might be’s .
I spoke to a CEO of a provincial union this morning .the due diligence that not just the NZRFU has put in regarding the Silver Lake deal has left no stone unturned and the Unions have been a big part of this process.
Price Waterhouse Cooper also looked over the deal and said you would have rocks in your head not to run with this deal especially with the intellectual tech that Silver Lake offers in terms of capability and competency frameworkThe Silver lake deal will have an immediate cash benefit to the Unions where the Forsyth Barr Proposal has a real sausage fundraising aspect to it with figures just being thrown in the air like a lollie scramble and by the way , you will need to hire even more Tech people to run what Silver Lake is already offering .
That’s it explained in a nutshell ..however the NZRFU need to lift their game when it comes to dealing with the media ..Brent Impey comes across like an angry man and Mark Robinson sounds like a totally frustrated man .
Time to push on and sign on the dotted line ..balls in your court Rob .
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@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
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@kirwan said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
I’m yet to hear it clearly explained but the past consultant in me hears this:
credibly provide access to e-business growth strategies
See here
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@gt12 pretty much .., what do the RPA have right now ..?
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@steven-harris said in Silver Lake buying a stake in the ABs?:
@gt12 pretty much .., what do the RPA have right now ..?
No idea, ask them yourself, aren't you are journalist?
Edit: Sorry if that sounds bitchy, it's not intended that way (OK, maybe a little bit), but the alternative deal is winning the PR war because Kirk has explained that it provides the short-term funding (with the option to release more) needed now, meaning that NZRU can maintain 95% of their revenue, (rather than 87.5%) and therefore remain more profitable as an enterprise, plus they are suggesting that it can be done locally, all of which are conceptually attractive to local fans.
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I agree with Hansen, these parties need to get together and sort this behind closed doors rather than through the media.
Players come over as a bit greedy to me, NZR come over as fools.
In saying that, Robinson hasn't really done much right since taking over from Tew has he?
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@gt12 said in Silver Lake buying a stake in the ABs?:
@kirwan said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
I’m yet to hear it clearly explained but the past consultant in me hears this:
credibly provide access to e-business growth strategies
See here
Thanks, I genuinely had no idea what it meant. I’d be all over buying streaming directly from NZR.
Edit: Great link, giving that to my boss.
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@kirwan said in Silver Lake buying a stake in the ABs?:
@gt12 said in Silver Lake buying a stake in the ABs?:
@kirwan said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
I’m yet to hear it clearly explained but the past consultant in me hears this:
credibly provide access to e-business growth strategies
See here
Thanks, I genuinely had no idea what it meant. I’d be all over buying streaming directly from NZR.
Edit: Great link, giving that to my boss.
When I was doing some consultancy with a friend of mine a few years ago, we would add at least one phrase from that site in our presentation and challenge the other to pick it in real time.
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@gt12 said in Silver Lake buying a stake in the ABs?:
@kirwan said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
I’m yet to hear it clearly explained but the past consultant in me hears this:
credibly provide access to e-business growth strategies
See here
I thought the article with Buck Shelford hit the mark. He was saying that he heard a story but wasn’t convinced by it and then the answers given to questions didn’t give him any more reassurance. The nuts and bolts are what will Silverlake do to make this company that NZRFU is investing $40m of its sales price into to work? Does it come with some agreed commercial arrangements and IP or is it just another startup making its way in the world. Everything else is just spin. That’s what they need to convince the stakeholders. This have to do it, best option, rush to sign it is just not right. It is not your typical business. It has many stakeholders and as Buck says, they haven’t been consulted in a genuine way.
It would be interesting to see the history of NZ companies who have rushed to buy assets overseas, and ended up being sold pups e.g. two old ones now being Telecom with AAPT, Warehouse with Yellow sheds in Aussie. I am sure they had analysts all over those deals and then ended up losing their shirts. Can’t really think of any expansionary successes?
In comparison, corporate raiders have had sweet pickings in NZ. We always buy the line that we need international investment and sell ownership, when it’s not money that is required.
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@gt12 said in Silver Lake buying a stake in the ABs?:
@kirwan said in Silver Lake buying a stake in the ABs?:
@steven-harris said in Silver Lake buying a stake in the ABs?:
intellectual tech that Silver Lake offers in terms of capability and competency framework
"intellectual tech that Silver Lake offers in terms of capability and competency framework"
What does this mean?
I’m yet to hear it clearly explained but the past consultant in me hears this:
credibly provide access to e-business growth strategies
See here
Brilliant - love it.
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@steven-harris said in Silver Lake buying a stake in the ABs?:
The only credit I will give Rob Nicol is the fact he is winning the charm offensive hands down ,
Is he? Being out of the country I'm missing that.
I'll once again reiterate my position in that the Silver Lake deal is a guaranteed lump sum capital investment for an agreed percentage return, with a win-win based on increasing revenue through avenues that the investors have available to them.
The FSB deal seems to be a nebulous, hoped for investment, appealing to people who are already heavily invested in NZ rugby, without a clear plan to increase revenue.
Anyone remember that failed campaign in the early/mid 90s under that idiot David Moffett where you could ring a 0900 number to "donate" $5 to "club rugby". Seemed like a good idea. But the people who would be prepared to send $5 to club rugby were already up to their eye balls in membership fees, volunteering, sponsoring etc etc.
Mum and Dad investors aren't buying into this as they're already a part if it.
Can't see institutional investors buying in as they just want the return, without the effort to try and increase that revenue.
And again, the only part of this equation whose only responsibility is to maximise the return for the individuals within it's membership is the only stakeholder resisting the deal.
