Shocked : New Zealand Rugby slams players boss for attempt to destroy $387.5m deal
14 May, 2021 12:15 AM
5 minutes to read
Everything you need to know about the Forsyth Barr deal. Video / NZ Herald
NZ Herald
New Zealand Rugby boss Mark Robinson has hit back at the Players Association s attempt to destroy the Silver Lake deal , saying the governing body was not aware of the counteroffer tabled by Kiwi investment manager Forsyth Barr.
An alternative offer to Silver Lake, valuing NZ Rugby at a $3.8 billion, has been tabled by Forsyth Barr, a proposal conducted at the request of the New Zealand Rugby Players Association which is not supportive of selling a stake in the national game to the US fund manager.
New Zealand Rugby has reacted angrily to a players association proposal for a public share float which the association believes is better than the Silver Lake deal.
The Rugby Players Association and investment company Forsyth Barr has put together a proposal that would see NZR sell a 5% stake in of its commercial right via a public share float.
New Zealand Rugby s chief executive, Mark Robinson, said in a statement the organisation has been let down by the Players Association. We are shocked and disappointed that Rob Nichol (NZRPA chief executive) has shared another counter proposal with media before sharing it with New Zealand Rugby.
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