WELLINGTON, New Zealand — Domestic provinces have overwhelmingly rejected a new governance plan for New Zealand Rugby in a move some observers fear will fracture the national sport along amateur and professional lines. The New Zealand Rugby Players’ Association, which represents the country’s professional players, had threatened to break away from the national body and set up a separate commercial …
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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 …
