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(Reuters) - A special general meeting of New Zealand Rugby in Auckland voted in favour of a NZ$200 million ($129.42 million) private equity investment from U.S. firm Silver Lake on Thursday, the final step in the approval process for the groundbreaking deal.
A special general meeting of New Zealand Rugby in Auckland voted in favour of a NZ$200 million ($129.42 million) private equity investment from U.S. firm Silver Lake on Thursday, the final step in the approval process for the groundbreaking deal.
New Zealand Rugby has posted its first profit in four years with the announcement Thursday of a NZ$5.5 million (US$3.6 million) surplus for 2021.
WELLINGTON (Reuters) - New Zealand Rugby (NZR) announced a NZ$5.5 million ($3.59 million) net profit for 2021 financial year at its annual general meeting (AGM) on Thursday, bringing an end to three successive years of losses.
WELLINGTON : New Zealand Rugby (NZR) announced a NZ$5.5 million ($3.59 million) net profit for 2021 financial year at its annual general meeting (AGM) on Thursday, bringing an end to three successive years of losses.
After two years of seriously restricted activities, Solway Yacht Club launched the new season with a packed Easter programme.
New Zealand Rugby secured a lucrative but controversial investment on Thursday from US private equity firm Silver Lake after allaying fears from the players' union that the deal risked tarnishing the famed All Blacks' legacy.
New Zealand Rugby has finally agreed terms for its much-craved cash injection, shaking hands with the players union to sell a minority stake to private equity firm Silver Lake.