New Zealand Rugby's 26 provincial unions have voted unanimously in favour of the proposed Silver Lake deal. NZ Rugby needed just over 50 per cent support from the provincial unions to push ahead with the Silver Lake proposal. Today's vote for Silver Lake represents a transformational opportunity for our game and one we must grasp." NZ Rugby posts $34 million lossNZ Rugby also announced a total loss of $34.6 million for the 2020 financial year. Robinson also said the Silver Lake deal will help fund the grassroots, which has seen falling player numbers.

Source: New Zealand Herald April 28, 2021 23:26 UTC