Silver Lake's global ambition won over NZ rugby

Silver Lake's global ambition won over NZ rugby
The players’ association has questioned Silver Lake’s ability to deliver on its promise.
Paul McBeth
Silver Lake Partners has won over New Zealand’s 26 provincial rugby unions in what’s seen as a windfall for the local game, but the private equity firm’s ambitions span wider than just the black jersey.The proposal still needs to clear the NZ Rugby Players’ Association, which represents the 300 to 400 professional rugby players, but the cash-starved provinces were unanimous in backing the $387.5 million sale of a 12.5% stake in NZ Rugby’s commercial business.Chair Brent Impey – who was chief executive of Medi...

More Services

SPQR owes more than $2 million
Services Free

SPQR owes more than $2 million

The first liquidator’s report on iconic Auckland restaurant SPQR shows the business owed more than $2 million to Inland Revenue and other creditors.The Ponsonby Rd establishment was placed into liquidation last Thursday by special resolution of the shareholders and is no longer t...

Staff reporters 18 Jul 2024
Consumers agree on what constitutes fairness: FMA
Finance

Consumers agree on what constitutes fairness: FMA

NZ consumers have a remarkably consistent understanding of fairness, research finds.

Tom Raynel 18 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
Hundreds of ECE centres backtracking on pay parity
Policy

Hundreds of ECE centres backtracking on pay parity

96% of daycares have opted into pay parity, but govt funding doesn't match the costs.