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New Zealand Rugby finally has its much-craved cash injection after reaching a deal with the players union to sell a minority stake in the governing body. The NZR board announced the deal on Thursday morning, which will see private equity firm Silver Lake invest an initial $NZ200m ($A186m or £98m) to own 5.71% of NZR’s commercial arms.
New Zealand Rugby [NZR] and the New Zealand Rugby Players Association [NZRPA] have approved a partnership agreement with US private equity firm Silver Lake.
:New Zealand Rugby (NZR) and the New Zealand Rugby Players Association (NZRPA) have approved a partnership agreement with U.S. private equity firm Silver Lake, NZR and NZRPA said on Thursday.