wants NZ Rugby to sell it a 12.5 per cent stake in a new entity called Commercial LP for $387.5 million. New Zealand Rugby will seek approval for a deal with US equity firm Silver Lake to buy a slice of the organisation's commercial rights. NZ Rugby wants to secure a deal worth $387.5 million with the US investment behemoth because it needs money and Silver Lake could, potentially, enable it to rake in some much-needed cash. In fact, it has been saying the opposite – that player welfare will be as important as ever if the deal goes ahead. The MMA trainer said the UFC have been asked by the All Blacks to remove the logo because the silver fern is trademarked. New Zealand Rugby and Silver Lake have been in talks for over nine months, with the Herald first revealing their shared interests last May. With Robinson in charge they have a former All Black and Crusaders midfielder who understands how meaningful the black jersey is to Kiwis in New Zealand and abroad. It’s understood NZ Rugby will pay Silver Lake 12.5 per cent of revenue from commercial operations after three years, starting from 3.5 after the first year and 7 following the second. While neither rugby union nor rugby league appear to be trademarks under UK law, the International Rugby Board is a registered trademark. The funds will also assist in the ongoing fight to retain players, who through the Players' Association have an agreement that ringfences 36.5 per cent of NZ Rugby's annual revenue. NZ Rugby executives suggest Silver Lake do not adopt a smash-and-grab mentality but, rather, intend to form a decade-long partnership, though acknowledge risks are involved when the firm wants to exit in time. The most Fiji try EVER! Get a Super Rugby Aotearoa Rest-of-Season Pass now for just £19.99! Making cash from ticket sales, food and drink sales on match day is still important but NZ Rugby wants to look at the broader picture. Owens had rugby aspirations of his own when he was at school, but it was his sports teacher John Beynon who pointed him towards being a ref. Matariki Forests (73,509 hectares): Another forestry company, three-quarter-owned by the US-based … It’s also likely NZ Rugby will put in a clause that gives it the right to buy the stake back. NZ … On the go and no time to finish that story right now? So much we won't sell, but we CAN sell chunks off the national game * Where would NZ Rugby rank, if it was an NZX listed company? An independent review, commissioned by NZ Rugby’s stakeholders, is understood to have reported it had rarely seen a minority-stake private equity deal with so many controls in favour of the majority stakeholder. However, NZ Rugby has repeatedly stated Silver Lake is prepared to be patient. Silver Lake wants a stake in the All Blacks, but the players require some convincing around the proposed deal. This new entity will control NZ Rugby’s commercial interests, with up to $43.75 million of the sale price committed to working capital for Commercial LP, in addition to the contribution from Silver Lake. NZRPA, led by Rob Nichol, has expressed concerns about a number of things. Aug 14, 2020 | Blog, News. But NZ Rugby has told stakeholders that there it has enough control to ensure that won’t happen. NZ Rugby rakes in just under $200m a year in revenue. The Rugby World Cup New Zealand 2021 (RWC 2021) Organising Committee has been appointed by the New Zealand Rugby (NZR) Board and the members are: Dame Julie Christie (Chair), Brent Impey (NZR), Dr Farah Palmer (NZR), Shaun Nixon (NZR), Steve Armitage (ATEED), Sandra Boardman (Whangarei District Council), Wendy Thompson (Independent) and Nicola O’Rourke (Independent). The NZRPA stated in a letter to NZR that the transaction with Silver Lake could jeopardise the “special bond’’ New Zealanders have with the game here. A long-running dispute between New Zealand and Australia over who invented the pavlova dessert may be over after the Oxford English Dictionary lists its origins. EXETER RUGBY CLUB LIMITED . Your News is the place for you to save content to read later from any device. The Silicon Valley-based private equity firm, which is backed by institutional investors and massive pension funds, wants NZ Rugby to sell it a 12.5 per cent stake in a new entity called Commercial LP for $387.5 million. Appetite for investment in rugby has reached fever pitch in the past year as equity firms scrap for shares in a sport they believe is undervalued and underexposed on a global scale. READ MORE: * Silver Lake deal: NZ Rugby and players' association still at loggerheads over $387m deal * What the? NZ Rugby wants to secure a deal worth $387.5 million with the US investment behemoth because it needs money and Silver Lake could, potentially, enable it to rake in some much-needed cash. 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