Richie McCaw is a two-time World Cup-winning captain Photo credit: Image - Getty Images, video - Newshub
A veteran of 148 tests and winner of two World Cups as captain, McCaw admits the Silver Lake deal scares him.
While acknowledging he and current players need to be open-minded about foreign investment into the New Zealand game, he fears for the future of the sport if a thorough risk assessment isn t undertaken. Being told [by NZR] that s the only option and we take it or leave it, does make you wonder. I can see how a whole lot of money coming in would make people feel pretty excited about it. But when you talk with people about private equity, the feedback I get is to be very careful, that you have to understand the motivation, which is to make money off it. Straight away that scares me.
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.