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

Kiwibank's $500m capital hike fails to inspire
Markets

Kiwibank's $500m capital hike fails to inspire

Capital raise plans designed to help the bank grab market share from its Aussie rivals.

Staff reporters 31 Jul 2025
Bathurst and Talley's: The marriage goes sour
Markets Part 2

Bathurst and Talley's: The marriage goes sour

Talley’s joint venture with Bathurst started well, but something derailed it.

Pattrick Smellie 30 Jul 2025
SFO cut immigration fraud charges
Law & Regulation

SFO cut immigration fraud charges

Second SFO case collapses from unlawful evidence collection fear; impacts FMA, Du Val.

Garth Bray 29 Jul 2025
Accountant admits wrongdoing over Du Val
Property

Accountant admits wrongdoing over Du Val

Accountant dealt directly with Kenyon Clarke, and told Government business was solvent.

Maria Slade 28 Jul 2025