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All Blacks deal casts doubt over CVC cash
The Rugby Paper
|January 17, 2021
Well, who would have thought it? Rugby seems to be the new darling of the investment industry and those who have taken the first offer now appear to be somewhat inept.
An American investment company (Silver Lake) is said to be close to reaching an agreement with New Zealand rugby for a 15 per cent share of the business for a mere $2b dollars, almost £1.5b.
This should make the Six Nations re-think as to whether it would be the right decision to sign up to CVC’s offer of just £365m for 14.5 per cent.
Even though the New Zealand All Black brand is one of the biggest in the rugby world, it’s a relatively small country with a population of just under five million and is ranked at around the 51st richest nation.
This story is from the January 17, 2021 edition of The Rugby Paper.
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