New Zealand Rugby chairman Brent Impey
Photo: Photosport
New Zealand Rugby (NZR) need the backing of more than 50 percent of the country s provincial rugby unions at Thursday s AGM along with the approval of the New Zealand Rugby Players Association for Silver Lake to get a 12.5 percent stake in NZR s commercial interests.
The deal is worth $387.5 million for NZR.
NZR chairman Brent Impey said the mediation between NZR and the New Zealand Rugby Players Association was ongoing and the players would not support the deal at the AGM. We ve agreed to go back to our stakeholder groups, we ll reconvene at some point after this week, but no deal with the players, Impey told Checkpoint.