Silver Lake buying a stake in the ABs?
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@Tim especially if we're not doing anything different to "sell" the ABs...there are definitely out there that will just jump on a bandwagon (T swift and the chiefs)....but you have to do...something...to sell it to them...have we tried introducing Taylor to scooter?
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Yet the NZRPA supported this deal didn't they. That's looking more and more like a total disaster
Maybe the NZR Board members responsible for it should all resign. As should anyone else who supported it. Although if it's as bad as it seems to be it's too late now. As its unlikely there is any way to get out of it
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@Winger that would be dependant on what they were sold, if silver lake isn't doing what they said they would to grow things then THEY should be held to account
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@Winger said in Silver Lake buying a stake in the ABs?:
Yet the NZRPA supported this deal didn't they.
They were very sceptical of it, and forced a review of the deal. That lead to a reduction of the revenue share sold to Silver Lake, which was sold at a much higher price.
I wouldn't blame the NZRPA for this deal. They wanted NZR to explore raising money locally instead.
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@Kiwiwomble Holding a well-funded US private equity firm to "account". Not easy!
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger that would be dependant on what they were sold, if silver lake isn't doing what they said they would to grow things then THEY should be held to account
But so what? I doubt if there is a clause to cancel the agreement if SL doesn't perform. I kind of think NZR might have been taken for fools. Just on the little I have read on it. So, it could in fact be a wonderful deal.
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@Tim very true....but at very least the poor semi amature PU board members shouldnt be punished if it was to be found silverlake had dropped the ball
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
found silverlake had dropped the ball
Thye haven't though. From their viewpoint. It's a small up-front investment for guaranteed ongoing good returns it seems.
I just hope its not as terrible as it seems from NZR viewpoint. 7.5% is a lot of money to loss year after year
poor semi amature PU board members shouldn't be punished
Aren't 6 out of 9 appointed. So, they shouldn't be incompetent. But if proven to be just that they should go. Along with the 3 too. We don't want fools on the board of NZ rugby
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@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Fine. And NZ rugby might not ever see it. But what then? Is there a remedy for NZR?
I don't know so I suppose I shouldn't criticise, I guess. But I'm starting to feel uneasy about this SL buy-in. Esp as the Board has bene publicly criticized as not fit for purpose. And the recent Board makeup proposal by NZR was truly awful.
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@Winger said in Silver Lake buying a stake in the ABs?:
.... But I'm starting to feel uneasy about this SL buy-in....
i think we all are, i just dont think we can jump on the PU board members for fing up until we know for sure whats gone on, could also be big bad american private equity firm takes advantage of well meaning amateurs
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Aren't we hoping for a lot if we think these new revenure streams would be instant? I genuinely doubt whether SL wanted to just have a stake in NZR with no thoughts etc and ideas that it was going to get bigger. I think you can see it with leaning toward more games towards USA etc, and especially Asia. I actually think we will see even more games from MAB etc happening to spread the name and get even more markets opened I will still be surprised if we don't see some kind of online game in next 5 years or so.
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@Dan54 obviously not all of them...but their first one (NZR+) hasn't been revolutionary/innovative or a success...so not a great start
notice im not saying ditch them...but would be good to see what else it planned
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NZR+ (to the best of my knowledge) doesn’t play games - everything still goes through TV deals. If they set it up to be an online rugby site with all games then it will quickly get members. The question is of course whether it’s worth running it in all markets, but in my case I I pay about $30 a month to a service I only use for rugby. I’d happily pay that directly to NZR+ but I doubt there are enough customers like me.
As a pay per game idea, it could have merit for people like my family who don’t have it but might pay $10-20 for a one match payment (eg, super final, AB games).
All of that is to say that any rugby space without actual live (or even delayed games) is always likely to be a failure.
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@gt12 I'd love to give NZR whatever I give to Stan if that meant I could chose whether or not to listen to the commentary.
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Unless they did something ‘hip’ like getting the NZR commentary by those fuckheads from the Alt cricket commentary.
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@Kiwiwomble said in Silver Lake buying a stake in the ABs?:
@Winger my understanding of the deal was they had actions in growing the revenue too, it wasn't a straight equity injection (we give you some money and you give us some profit later), silverlake sold the idea of tapping into new revenue streams they had access too...and we havent seen any of that
Always a big issue. The Neoclassical economics model is all about selling ownership for investment. It’s whether the investment is nothing more than finance you could have got from a bank. NZ’s state owned asset sales perfect example.
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