Photo: RNZNew Zealand Rugby and Provincial Unions have been presented with an alternative capital raising option that the players association believes is far better than the proposed Silver Lake deal. Selling 5 percent of NZR's commercial rights at the Forsyth Barr valuation is expected to deliver between $171 and $191 million. The New Zealand Rugby Players Association president, former All Black World Cup winning captain and Forsyth Barr chair, David Kirk, says New Zealand Rugby are obligated to look at the new proposal. "One of the biggest concerns with the Silver Lake deal is NZ rugby are selling 12.5 percent of their revenue forever. In summary the players association and Forsyth Barr believe the alternative approach would:

Source: Otago Daily Times May 14, 2021 00:22 UTC