Silver Lake's pursuit of NZ Rugby stake won’t affect Sky's broadcast rights

Grassroots rugby could get a much needed pick me up from private equity money.

Tue, 23 Feb 2021

Sky TV is keenly interested in Silver Lake’s pursuit of a stake in NZ Rugby and what it could do for the grassroots game, but its own broadcast rights won’t be affected if it goes ahead.Chief executive Sophie Moloney told analysts today NZ Rugby briefed Sky last week about the offer, reported to be $450 million for a 15% stake of the national union’s commercial activities, with funds earmarked for grassroots rugby.“It is potentially a pretty amazing investment in grassroots New Zealand and we do believe that needs to hap...

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