Three of the country's canniest investors with a love of sport advise passion and caution in purchasing a licence in one of the four available Super Rugby franchises.
The New Zealand Rugby Union is granting that opportunity from 2013 for the Blues, Chiefs, Hurricanes and Crusaders. Sir Bob Jones says such a scheme is best treated as "a hobby" while Sir Michael Fay - who invested in New Zealand's original America's Cup campaigns and the Samoan rugby team - recommends "putting your heart into it as much as your wallet".
Billionaire Owen Glenn says: "I have only donated to sport and as a result have not looked to that donation for a monetary return. If I did consider investing in a sport for a return, the following criteria would need to be satisfied: total control, a minimum 20 per cent pre-tax return, upside of 50 per cent growth in capital invested within five years, and sufficient security and safeguards within the sport to protect the investment."
The NZRU will retain full ownership of the franchises, the contracting process and coaching appointments. Investors would get to select, market and manage their team as well as lobby for players outside New Zealand if that works in tandem with the sport's governing body.
Sir Bob became a multi-millionaire through property investment and is currently investing in the development of super heavyweight boxer Joseph Parker. He expects it to be difficult to find buyers.