There has been some overseas interest in holding a New Zealand Super Rugby licence but the provincial unions will still play a key role in the franchises, despite an attempted shake-up of the system.
Tonight is the deadline the New Zealand Rugby Union have given for expressions of interest in holding a licence in the Blues, Chiefs, Hurricanes and Crusaders, as the national body seeks an injection of capital into the model it admits is broken in its current form.
The holders will have the ability to market and select their franchise teams, however, the players and coaches will still be centrally contracted by the NZRU, who will also look after the Highlanders.
It is understood offers haven't been coming in as the NZRU would have liked. There is some foreign interest but that is likely to be in the form of a consortium with a provincial union.
Taranaki have already indicated their interest and it's understood Auckland are interested in holding the Blues' licence and Canterbury the Crusaders'.