New Zealand Rugby will ask for approval for the Silver Lake deal on Thursday. Photo: RNZTomorrow is the first hurdle in New Zealand Rugby getting its $387 million deal with American private equity firm Silver Lake across the line. At its AGM, New Zealand Rugby (NZR) will ask for approval for a deal giving Silver Lake a 12.5 percent stake in NZR's commercial rights. But there is still plenty to do before the deal is successful - the players association is yet to grant its approval. Long term the provincial unions had also been promised access to a legacy fund, he said.

Source: Otago Daily Times April 28, 2021 22:41 UTC