Silver Lake buying a stake in the ABs?
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NZRs fault. total mess
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@Machpants said in Silver Lake buying a stake in the ABs?:
Good read but a bit scary if true, (a lot of secret sauces in that article) but it reads to me that older (ex?) players are secretly concerned and that I am not alone in my suspicion the board doesn't have the right experience.
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Silver Lake buying a stake in the ABs?
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@sparky said in Silver Lake buying a stake in the ABs?:
Wow, Silverlake really pissed their money away investing in a shitshow. They must be furious.
Why? Silver Lake invested their money after due diligence, and some write up in paper isn't going to change it. Have NZR suddenly started losing money etc? They seem to be run pretty well financially to me.
I guessing they don't pour ovar NZ stuff articles to decide what ar good or bad investments. -
@Dan54 said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
Wow, Silverlake really pissed their money away investing in a shitshow. They must be furious.
Why? Silver Lake invested their money after due diligence, and some write up in paper isn't going to change it. Have NZR suddenly started losing money etc? They seem to be run pretty well financially to me.
I guessing they don't pour ovar NZ stuff articles to decide what ar good or bad investments.Silver lake want to make money by growing the brand to new markets. There is no big money to be made with the ABs as it stands, as ABs are saturated in their current markets. It's irrelevant how NZR is run or their current profits (they are running at a loss btw).To sell the most successful rugby team ever, with an aura of greatness is easy. Selling Foster's follies to the world is not. That is why silver lake will be worried about this run of results
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@Machpants said in Silver Lake buying a stake in the ABs?:
@Dan54 said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
Wow, Silverlake really pissed their money away investing in a shitshow. They must be furious.
Why? Silver Lake invested their money after due diligence, and some write up in paper isn't going to change it. Have NZR suddenly started losing money etc? They seem to be run pretty well financially to me.
I guessing they don't pour ovar NZ stuff articles to decide what ar good or bad investments.Silver lake want to make money by growing the brand to new markets. There is no big money to be made with the ABs as it stands, as ABs are saturated in their current markets. It's irrelevant how NZR is run or their current profits (they are running at a loss btw).To sell the most successful rugby team ever, with an aura of greatness is easy. Selling Foster's follies to the world is not. That is why silver lake will be worried about this run of results
Mate I doubt whether the target market for Silver Lake even knows how Foster's team is going. And Silver Lake if they brought shares on the assumption the All Blacks were going to win everything, it makes them a gambling company not an investment company. The All Blacks are a huge marketing brand that is not going to disappear because of a couple of years bad results. Do you think all the people that buy AB jerseys etc even follow rugby?
Look at other huge sports brands that sell like Manchester United, Arsenal etc, they are worth so much because of history, some of them have bad years etc, but continue to sell stuff all round world. I think Arsenal have been around 5th or so for a few years(my grandson follows them), but they keep selling merchandise etc because of history. That's what Silver Lake bought, you watch the online games etc coming out with ABs etc on it,especially in Asian markets .
I think for people like you and I it is hard to get our heads around (well it is to me) but ABs like these other brands are just that a brand! -
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@Dan54 said in Silver Lake buying a stake in the ABs?:
@Machpants said in Silver Lake buying a stake in the ABs?:
@Dan54 said in Silver Lake buying a stake in the ABs?:
@sparky said in Silver Lake buying a stake in the ABs?:
Wow, Silverlake really pissed their money away investing in a shitshow. They must be furious.
Why? Silver Lake invested their money after due diligence, and some write up in paper isn't going to change it. Have NZR suddenly started losing money etc? They seem to be run pretty well financially to me.
I guessing they don't pour ovar NZ stuff articles to decide what ar good or bad investments.Silver lake want to make money by growing the brand to new markets. There is no big money to be made with the ABs as it stands, as ABs are saturated in their current markets. It's irrelevant how NZR is run or their current profits (they are running at a loss btw).To sell the most successful rugby team ever, with an aura of greatness is easy. Selling Foster's follies to the world is not. That is why silver lake will be worried about this run of results
Mate I doubt whether the target market for Silver Lake even knows how Foster's team is going. And Silver Lake if they brought shares on the assumption the All Blacks were going to win everything, it makes them a gambling company not an investment company. The All Blacks are a huge marketing brand that is not going to disappear because of a couple of years bad results. Do you think all the people that buy AB jerseys etc even follow rugby?
Look at other huge sports brands that sell like Manchester United, Arsenal etc, they are worth so much because of history, some of them have bad years etc, but continue to sell stuff all round world. I think Arsenal have been around 5th or so for a few years(my grandson follows them), but they keep selling merchandise etc because of history. That's what Silver Lake bought, you watch the online games etc coming out with ABs etc on it,especially in Asian markets .
I think for people like you and I it is hard to get our heads around (well it is to me) but ABs like these other brands are just that a brand!The thing with Silver Lake’s (and PE in general) model is that the management make out like bandits whether or not ABs perform. About the only thing which can derail that is a combination of rising interest rates and recession.
The incentivisation is like being paid based on whether or not a feather falls from tenth story to ground.
But doing deals like this keeps their investors interested (and docile). -
@KiwiMurph said in Silver Lake buying a stake in the ABs?:
This is the guy that was running the Commonwealth Bank when a whole lot of dodgy shit went down and all came to light in Sooty’s Banking Royal commission. What could go wrong, sounds like a tight fit!
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@Unite there was dodgy stuff in CBA financial planning back in the early 2000s well before Narev’s time there, which a whistleblower revealed.
Narev had to do the public apology and try and clean it up.
But during his watch the dodgy stuff around their insurance business all came to light.
Moral of the story be a bank CEO if you want to be rich, but you will now doubt have legal and PR messes to clean up that your rep may never recover from.
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@ACT-Crusader that’s right cheers, it predated him but he didn’t appear to carry himself that well during the Royal commission and media shit storm from memory.
Hopefully the Silverlake post works out better.
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There are very strict criteria on how the money given to the PUs can be spent, or more importantly, can't be used for ($1M for the 14 NPC unions, and $500,000 each for the Heartland provinces). For some PUs, it will be paying off debt, which could be to NZR.
“We’ve left it to each board to determine how they would apply those funds but they are required to provide us with a copy of the board resolution outlining how those funds will be invested,” NZ Rugby general manager community rugby Steve Lancaster tells Stuff.
“They must be invested for future health of the game. We’ve specifically excluded any investment in or around the NPC or FPC teams, and we also excluded any speculative investments.
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I'll put it in here cos the board etc are getting reviewed. But real pity the board didn't give itself an upper cut for failing to reach the target, and get a whole new board in. Cos teh current board are still utterly incompetent
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@Machpants Wonder if having another woman on the board will make it more incompetent, equally as incompetent, or less incompetent than in currently is?
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@Unite said in Silver Lake buying a stake in the ABs?:
@KiwiMurph said in Silver Lake buying a stake in the ABs?:
This is the guy that was running the Commonwealth Bank when a whole lot of dodgy shit went down and all came to light in Sooty’s Banking Royal commission. What could go wrong, sounds like a tight fit!
And he was a child star in Children of Fire Mountain!
My understanding is it wasn't the scandal of charging dead people but the money laundering which saw him resign-but who knows-CBA was getting a lot of press for a lot of "activities" at the time, it was hard to keep up!
