Business of Sport: Rugby Australia prepares to join the private equity plunge

Head coach Eddie Jones (left) and Will Skelton speak to the media during a Wallabies press conference ahead of the Rugby World Cup France 2023. (Image: Getty)

Trevor McKewen

Fri, 08 Sep 2023

Rugby Australia is about to follow its New Zealand counterpart and take the plunge into the murky world of private equity investment. NZ Rugby (NZR) investor Silver Lake is one of three private equity (PE) fund managers chasing a deal with the Australians, along with European rivals CVC Partners. But if the word on the street across the Ditch is right, both the Americans and CVC look likely to miss out to a PE fund run by billionaire Andrew “Twiggy” Forrest, the western Australian mining magnate who bankrolls Perth-based...

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