NZ Rugby is considering a way to meet the challenge of rising outlays with a largely static income stream. Photo / Dean Purcell, File
EDITORIAL
In the coming days, New Zealand Rugby will announce a decision on whether to sign off on a multimillion-dollar partnership with US investment firm Silver Lake.
When the proposal was announced, it seemed predestined after the Northern Hemisphere took similar measures. When the Six Nations committed to a deal
with CVC, fears were expressed that New Zealand Rugby (NZR) would be left behind.
Silver Lake is a US fund manager and specialist in making investments in privately-owned technology companies. It has about $90b of assets under management, including stakes in Manchester City Football Club, UFC, IMG (a global sports and event management company), and the Madison Square Garden Group, which manages sports teams such as the New York Knicks.
