Sport
Rugby giant’s stunning ‘revolution’ as monster $361m US deal is approved – Fox Sports
New Zealand Rugby has backed a controversial plan to sell a stake in the famed All Blacks to US investors Thursday, describing it as “a revolutionary turning point…
The NZRs 26 provincial unions on Thursday unanimously backed the deal with California-based technology investment giants Silver Lake at its annual general meeting in Wellington.
They voted in favour of selling a 12.5 per cent stake in NZ Rugbys commercial rights valued by Silver Lake at $3.1 billion (A$2.9bn) for $387.5 million (A$361.1m).
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