NZ Rugby is in negotiations after receiving an offer of $465 million from US technology investment giant Silver Lake to sell a 15 per cent stake in the organisation's commercial rights. The letter was addressed to the NZR directors and clubs, and was signed by Rugby Players Association chairman David Kirk and chief executive Rob Nichol. All Blacks captain Sam Cane has voiced his concern about Silver Lake's potential $465 million investment into New Zealand Rugby. At some stage you've got to trust your governing body they're going to do the right thing for the game," Kirwan said. Former All Black Sir John Kirwan is questioning whether players need to be so involved in New Zealand Rugby's investment negotiations with Silver Lake.

Source: New Zealand Herald March 29, 2021 04:09 UTC