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WELLINGTON, New Zealand — New Zealand Rugby will move ahead with a plan to sell a 12.5% stake in its commercial rights, mainly the All Blacks, to U.S. investors after winning the support of provinces at its annual meeting Thursday. New Zealand’s 26 provincial unions voted unanimously in favor of the proposal to sell the stake to California-based Silver Lake …
New Zealand’s 26 provincial unions have unanimously approved the sale of a 12.5 percent stake in the commercial arm of New Zealand Rugby, including the All Blacks national team, to United States-based private equity firm Silver Lake. The 387.5 million New Zealand dollars deal, which values NZR’s commercial rights at $2.23bn, still needs to be approved by the New Zealand …
NZR and the New Zealand Rugby Players’ Association announced the agreement Thursday after protracted negotiations. Wellington: New Zealand’s top rugby players have agreed to a 50% pay reduction as New Zealand Rugby contends with the financial fallout from the coronavirus pandemic. Under the deal, 50% of the payments anticipated this year to the All Blacks, members of the New Zealand …
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