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Report: New Zealand Rugby in Silver Lake investment talks

Getty Images New Zealand Rugby (NZR), the national governing body for rugby union, is in talks with US investment firm Silver Lake over acquiring a stake in the sport in the country, according to the New Zealand Herald. Though a deal is reportedly some way off, the proposed move marks a sizeable shift in direction for NZR, with sizeable investment from Silver Lake potentially giving them the leverage to break free from global governing body World Rugby. The coronavirus pandemic has compounded an uncertain few years for NZR, which includes a NZ$7. 4 million (US$4. 5 million) loss for 2019, with its financial officer Nick Nicol forecasting a  “70 per cent decline in revenue” due to the health crisis as sport remains in lockdown. According to the Herald, NZR’s leaders were so concerned about the game’s broken revenue model that it prompted discussions with Silver Lake.

Read more at:
https://www.sportspromedia.com/news/new-zealand-all-blacks-silver-lake-investment-super-rugby

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