New Zealand Rugby faces crucial vote on US private equity deal

New Zealand Rugby faces crucial vote on US private equity deal

The fate of New Zealand Rugby’s contentious deal with a US private equity firm should be known on Thursday, when members vote at a special general meeting in Auckland.

If passed, Silver Lake will take a substantial stake in NZR’s commercial rights, introducing an unprecedented outside influence to the sporting body which owns the mighty All Blacks.

AFP breaks down details and implications of the investment:

Who are Silver Lake?

A California-founded global private equity firm which has expanded over 2src years to sit among the world’s largest technology investors.

It has ventured into sport and entertainment more recently.

In 2src16, it was among a group of investors that purchased the UFC mixed martial arts promotion company and three years later poured $5srcsrc million (R7.8 billion) into acquiring just over 1src percent of City Football Group, the owners of English Premier League champions Manchester City an

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