Saturday September 30, 2023

Investment in New Zealand Rugby Postponed

  • In June, Silver Lake agreed to invest $122 million in NZR CommercialCo.
  • The investment values New Zealand Rugby at $3.5 billion.
Rafael Suanes-USA TODAY Sports
Front Office Sports Today

Donovan McNabb and the State of Football

From Taylor Swift to the Prime Effect, there's a lot going on in the world of football.
Listen Now
September 29, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

A deal for investors to raise as much as $60 million for New Zealand Rugby is being delayed amid poor performances by the All Blacks rugby team. 

“All we can say at this point is that the timeline will be discussed by NZRC and NZR Boards over the coming months,” an NZR spokesperson told Bloomberg. 

In February, Silver Lake received approval from players of the legendary All Blacks to acquire a 5.7% stake in NZR CommercialCo via convertible preference shares, after previous reports revealed that the private equity firm offered $279 million to buy a 12.5% stake. 

The deal for a 12.5% stake was reportedly denied by New Zealand Rugby’s players union. 

  • In June, Silver Lake agreed to invest $122 million in NZR CommercialCo.
  • The investment values NZR at $3.5 billion.

Known as the best rugby team in the world with a 77% international win rate since 1903, the All Blacks have seen their brand value take a hit with six losses in their last nine matches. 

As a result, the national team has plummeted to fourth in the world rankings behind Ireland, France, and South Africa, respectively. The drop has led to a decline in demand for shares. 

Rugby Rising

As a sport with more than 500 million fans, rugby has become a hot commodity.

In June, Wasserman — one of the largest sports and entertainment agencies in the world — acquired Esportif, a rugby-focused talent agency.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
Sponsored

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.

WBD Pursues ‘Different’ Strategy For Sports on Max

Company to place all of its live sports on new streaming tier

Colorado's Epic Victory Sets New ESPN Prime Time Viewership Record

Coach Prime Deion Sanders delivered in prime time on ESPN.
podcast thumbnail mobile
Front Office Sports Today

Donovan McNabb and the State of Football

0:00
0:00

Featured Today

Baltimore Looks To Return To The Oriole Way

Baltimore’s baseball renaissance this season will significantly impact a franchise, league, and…
College football is taking over Saturday night.
September 30, 2023

How College Football’s Biggest Games Took Over Saturday Night

Network competition and West Coast storylines helped college football stage a coup.
September 29, 2023

Ryder Cup’s Future Hanging In The Balance Amid Saudi Disruption

An unexpected change could be coming to the Ryder Cup.
September 29, 2023

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Liverpool players celebrate after a goal.

FSG Sells $200M Liverpool Stake To Private Equity Firm

New York-based private equity firm makes its first deal
BioSteel
September 28, 2023

BioSteel Bankruptcy Shows Perils of Costly Sports Partnerships

BioSteel spent heavily on partnerships deals before bankruptcy.
WWE-Wrestling-Ring
September 26, 2023

Panini Picks Up Legal Win, Will Still Make WWE Trading Cards

New York judge denies WWE's bid for restraining order
September 25, 2023

Hollywood Writers' Deal Would Boost Sports Networks and Agencies

Several major sports media entities, talent agencies exposed to strike's effects
September 21, 2023

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
Deion Sanders
September 19, 2023

Deion Sanders' Sunglass Tiff Nets Eyewear Company Nearly $4.5 Million

Sanders has Midas touch for sunglasses sponsor Blenders.
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor Stake.com, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs