Silver Lake buying a stake in the ABs?
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@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
Considering that NZR went into covid with millions in the bank I don't see it happening. One thing NZR had done is made the money to as far as possible, hopefully this deal means we have more money to use wisely
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@nzzp said in Silver Lake buying a stake in the ABs?:
@antipodean said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@kiwiwomble hopefully those at the top of the tree dont get any bonuses...
Lets see if they squander it like the ARU did.
IF it is done well (big fat IF), then it should generate more value than you give away. Leverage the brand, generate way more than 10% more revenue; Silver Lake win, we win, and we have a nice nest egg to carry us through.
Read some article NZ Herald today about the Players costing the Provinces money with this new deal. Probably the stupidest thing I have ever read - then it was only the Herald who resemble Fox News more and more every day. The only thing worse would be that it was true and we have Provinces who think the original deal was better?
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A final decision is not too far away.
The fate of the proposed New Zealand Rugby-Silver Lake deal will finally be known on June 2.
NZ Rugby announced on Wednesday that a special general meeting has been called to allow members to vote on the Silver Lake. The SGM will take place at NZ Rugby’s Auckland offices.
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The Silver Lake deal has been passed with a vote of 89 to 1 at a New Zealand Rugby special general meeting in Auckland.
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@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in hand to sell off another 10% of whatever they have voted to sell?
Incidentally I do not recall any of the three rugby clubs that I am a financial member of seeking my opinion on how they should instruct their delegates to their provincial unions to vote on the Silver Lake proposal. Will make enquiries whether the clubs were actually asked for their opinions by the people they employ to run one of the two organisations (their provincial union, the NZRFU being the other) they own.
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@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in had to sell off another 10% of whatever they have voted to sell?
Of course. Some PUs will be wanting this money more urgently than others because of their financial situation. I'm curious who voted against this deal.
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@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
$20M for Bay of Plenty
put the rest in to reserves for 10 years.
see, that was easy, what's for lunch?
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@mariner4life said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@Higgins $30m between 24 PUs aint gonna go far, I dont expect will be an even split, assume it will be apportioned somehow, player numbers?
Or will PUs plead thier case for thier share of the $30m?
$20M for Bay of Plenty
put the rest in to reserves for 10 years.
see, that was easy, what's for lunch?
Rubbish, for a small fee* I will divide it much more fairly
*1 mill each, 6 mill fee
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@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in hand to sell off another 10% of whatever they have voted to sell?
Incidentally I do not recall any of the three rugby clubs that I am a financial member of seeking my opinion on how they should instruct their delegates to their provincial unions to vote on the Silver Lake proposal. Will make enquiries whether the clubs were actually asked for their opinions by the people they employ to run one of the two organisations (their provincial union, the NZRFU being the other) they own.
I not sure how your rugby club works Higgins but no club who's committee I was on would of asked it's members for their opinion. This deal has been discussed for 2 years, I am sure if you thought they should be asking you , it could of been bought up by you at either of the AGMs any of the 3 clubs would of had in that time. I have been on a few club committees, and provincial union, and I was nominated and voted on to run club and make decisions for club and not never felt I should go and ask memebers on decisions, as anything of impotance over that time would be discussed by concerned members at AGNs surely!
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@Bovidae said in Silver Lake buying a stake in the ABs?:
@Higgins said in Silver Lake buying a stake in the ABs?:
@Bovidae Wonder how long it will be before the provincial unions have spent the entire $30,000,000.00 and have to go back cap in had to sell off another 10% of whatever they have voted to sell?
Of course. Some PUs will be wanting this money more urgently than others because of their financial situation. I'm curious who voted against this deal.
Somebody who pays mild attention to proverbs. "Behind every cloud is a Silver Lake"
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In hindsight, this whole saga is looking increasingly hilarious.
NZRU spent a lot of time and effort chasing their pieces for silver for a "product" that is now rapidly turning into a lemon, all because the NZRU geniuses forgot to take good care of what mattered most in the first place.
It started with the ongoing jobs for the boys approach to something as serious as All Blacks coaching roles. Then apparently taking their eye off the wider high performance ball while they were busy trying to sell part of NZ rugby to the highest bidder. And in the process the whole thing is turning into a vat of custard.
I wonder what Silver Lake may think of people like Mark Robinson about now...
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@Donsteppa said in Silver Lake buying a stake in the ABs?:
In hindsight, this whole saga is looking increasingly hilarious.
NZRU spent a lot of time and effort chasing their pieces for silver for a "product" that is now rapidly turning into a lemon, all because the NZRU geniuses forgot to take good care of what mattered most in the first place.
It started with the ongoing jobs for the boys approach to something as serious as All Blacks coaching roles. Then apparently taking their eye off the wider high performance ball while they were busy trying to sell part of NZ rugby to the highest bidder. And in the process the whole thing is turning into a vat of custard.
I wonder what Silver Lake may think of people like Mark Robinson about now...
They're probably thinking he's an incredible salesman for selling them a pup ☺️
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@Tim said in Silver Lake buying a stake in the ABs?:
@stodders They're probably cackling over all the clauses they sneaked into the contract with NZ Rugby. I suspect they will fleece us.
True, if the NZRU negotiated contract clauses like they hire All Blacks coaches, well....
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@Tim said in Silver Lake buying a stake in the ABs?:
@stodders They're probably cackling over all the clauses they sneaked into the contract with NZ Rugby. I suspect they will fleece us.
Either that, or they’ll bring in an American VC approach and demand changes to the product.
