New Zealand Rugby Players' Association chair David Kirk believes NZR should sell five percent of its revenue to New Zealanders, instead of going ahead with the Silver Lake deal
Photo: RNZ
The New Zealand Rugby Players Association (NZRPA) had suggested two alternative funding models to New Zealand Rugby (NZR), instead of the proposed Silver Lake deal which it said carried a very high level of financial risk .
The Silver Lake deal would give the equity firm a 12.5 per cent stake in a newly created NZR entity called Commercial LP for $387.5m, which would control NZR s commercial interests, including merchandising and ticketing. The numbers don t add up to make New Zealand Rugby profitable at least until 2025 and if you want to believe it is profitable after that you have to believe that 100 percent of the growth initiatives that Silver Lake and New Zealand Rugby believe are coming through do come through, Kirk told
Rugby: NZRPA president David Kirk and New Zealand Rugby chair Brent Impey clash over Silver Lake deal
30 Apr, 2021 06:00 AM
3 minutes to read
Cheree Kinnear explains the key points in the Silver Lake buy-in.
Christopher Reive is a sports reporter for NZME@chrisreive
New Zealand Rugby and the Players Association continue to butt heads over how the income from the Silver Lake deal will be reflected in player pay.
A disagreement between the two parties is the major sticking point in the deal proceeding after it was unanimously voted for by the 26 provincial unions earlier this week. The deal cannot proceed without the blessing of the NZRPA
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New Zealand Rugby has announced a big loss for the 2020 financial year
New Zealand Rugby has announced a big loss for the 2020 financial year 29 April 2021
The governing body has posted a total loss of 34.6 million dollars including an operating loss of 18.7 million.
It is being attributed to the Covid-19 impact, Super Rugby shutdown and scaled back All Blacks tests with six taking place last year, two at home.
Revenue is down 26 percent from 187 million dollars in 2019 to 138 million last year.
The 26 provincial unions have voted unanimously in favour of the proposed Silver Lake deal which can t pass until they have the Players Association s agreement.