Out of left field: Rugby Australia walks away from PE deal

Out of left field: Rugby Australia walks away from PE deal
The deal suggested by Rugby Australia CEO Phil Waugh (left) and chair Hamish McLennan drew only lukewarm interest. (Image: Getty)
Trevor McKewen
Rugby Australia has walked away from a Silver Lake-style private equity deal similar to New Zealand Rugby’s – but not because it wanted to.In a development that underlines how much trouble the code is in across the Tasman – and one that shows how much more powerful NZ Rugby’s worth is commercially – Rugby Australia (RA) has officially abandoned a quest to try to raise between A$150 million (NZ$162.4) and A$200m for up to a 20% share of its commercial assets.RA chair Hamish McLennan told RA’s stakeholders that...

More Editor's Picks

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

Pattrick Smellie 01 Jul 2025
Facebook is no place for risky financial investment offers
Opinion

Maria Slade: Facebook is no place for risky financial investment offers

Misleading ads continue to be thrust in the faces of Mum and Dad investors.

Maria Slade 30 Jun 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025
Where to take care of business in Fiji
Editor's Picks Free

Where to take care of business in Fiji

Sun, space, and seamless travel: Fiji’s pitch for NZ’s next big business meetings.

Riley Kennedy 28 Jun 2025