Silver Lake buying a stake in the ABs?
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It's up to the NZRPA now.
New Zealand Rugby’s provincial unions have voted unanimously in favour of a deal with private equity group Silver Lake. However, it can not pass completely without the sign-off from the New Zealand Rugby Players Association. The deal would see Silver Lake taking a 12.5 per cent stake in a newly created NZR entity called Commercial LP for $387.5 million. New Zealand Rugby board chair Brent Impey said it was “incredibly significant” for rugby but was unimpressed with the NZRPA’s stance. -
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have to say, im not too worried, NZ rugby hasn't really looked overly financially for a while and this might just be better than it going belly up.
it didn't have to be this way though, if NZR had concentrated on super rugby and the NPC rather than making the All Blacks the sole focus, then those competitions and those clubs/franchises could be used to sell equity...and keep the black jersey as this privileged pinnacle of the game....but the world sees the AB's as the only thing worth any money
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About Mark Hutton: https://www.businessnews.com.au/Person/Mark-R-Hutton
Bio Ajit Balasingham
https://www.ajit.nz/about/ -
@dolamite yeah is odd how the Unions are all for it, whihc will help grass roots, yet the RPA, which I assume covers players from AB down to Heartland?
So there is a disconnect between players and Unions as well, or, is it a few 'high profile' players who are against?
Initial deal I thought sounded great with 15% for a stake in some imaginary branding worth billions, but the release yesterday said NZR would transfer whatever assets it had into this new company, for which Silver Lake get 15% of, that is less ideal.
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what physical assets does NZR have? its not like they own a stadium or anything, im sure there is stuff but struggling to think of something substantial
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@taniwharugby Watch the video in this article. It's all about the % of NZR's money in the player payment pool.
Silver Lake stalemate: NZ Rugby, Players Association at impasse over US investment | Newshub
A resolution at Thursday's annual general meeting is far from imminent.
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@bovidae cant you just summarise it for us, thats the TSF way
@Kiwiwomble I did wonder that, but like the Unions many do have assets.
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@taniwharugby how much can a scrum machine, a bag of balls and some pads be worth?
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@kiwiwomble Well if a pair of trainers sells for millions just because Kanye West wore them, I'd expect a ball touched by the hand of Richie McCaw to go for a billion at least.
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have the detailed exactly what they are going to spend the money on?
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@mariner4life clearly not enough on the players as the RPA or senior players want (just going by the gist of @Bovidae post above)
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@mariner4life clearly not enough on the players as the RPA or senior players want (just going by the gist of @Bovidae post above)
good.
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@taniwharugby said in Silver Lake buying a stake in the ABs?:
@mariner4life clearly not enough on the players as the RPA or senior players want (just going by the gist of @Bovidae post above)
Players get 35% of spend on them at the moment. NZRU want to add another 15% to the total. Therefore RPA are saying they want 35% of that as well (total 41%). NZRU are saying we want you to get 30% of total (ie your position doesn't change.
No wonder the Unions voted yes. They get more money.
NZRU want players to get the same amount, it just then calculates as a lower % of the overall.
NZRU are looking to sell some jewellery at Cash Converters to buy some garden tools and the kids want them to spend the money on a TV
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@mariner4life said in Silver Lake buying a stake in the ABs?:
have the detailed exactly what they are going to spend the money on?
Well they've got mink underpants to buy for two new Board members for a start. That won't be cheap.
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@crucial said in Silver Lake buying a stake in the ABs?:
@taniwharugby said in Silver Lake buying a stake in the ABs?:
@mariner4life clearly not enough on the players as the RPA or senior players want (just going by the gist of @Bovidae post above)
Players get 35% of spend on them at the moment. NZRU want to add another 15% to the total. Therefore RPA are saying they want 35% of that as well (total 41%). NZRU are saying we want you to get 30% of total (ie your position doesn't change.
No wonder the Unions voted yes. They get more money.
NZRU want players to get the same amount, it just then calculates as a lower % of the overall.
NZRU are looking to sell some jewellery at Cash Converters to buy some garden tools and the kids want them to spend the money on a TV
Christ. I've find much of this sell off too depressing to read. So hadn't read what the RPA were actually resisting about.
Selling assets isn't fucking income, oi players, go fuck yourselves sideways!
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Dane Coles speaks:
"It's a big decision," Coles told Newshub. "We've always known where New Zealand Rugby's decision lied (sic). They're really keen for it, and that's fair. "This is a very big decision though. It's something we could look back [on] in 100 years and say 'why did we make that decision?' or we could look back in 100 years and say 'we're glad we made that decision.' "I know the Players Association have got the players' best interests at heart. If it was about the money, we'd say yes, plain and simple - but it's not about the money. "It's about leaving the game in the best hands, and having the future as bright as we can, and looking after everyone, and not selling a percentage of it. "[It's] something that might work, it's something that might not. -
@bovidae said in Silver Lake buying a stake in the ABs?:
"It's about leaving the game in the best hands, and having the future as bright as we can, and looking after everyone, and not selling a percentage of it.
So all the unions are in favour, the people much closer to grass roots than the fish heads at NZR and id argue many players at super level and above, so something is amiss.
