New Zealand Rugby to vote on proposed sale of All Blacks stake to American investors – Wide World of Sports

New Zealand Rugby will face a momentous decision on the future of the All Blacks at its annual meeting on Thursday, when it debates whether to sell a stake in the commercial value of the national team to American investors.
New Zealand’s 26 provincial unions will vote on a recommendation from New Zealand Rugby that it should bundle its commercial interests into a new entity and sell a 12.5 percent stake in that entity to California-based Silver Lake Partners for $360 million.
If the recommendation…

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