ADVERTISEMENT
RugbyDump
REGISTER
LOGIN
ADVERTISEMENT
RugbyDump
Friday May 21, 2021

Ex-All Black John Kirwan leads passionate plea for public Silver Lake feud to reach its end

The most recognisable side in world rugby and perhaps the biggest franchise in sport, the All Blacks, are in the middle of a media storm amid a public feud between New Zealand Rugby and the New Zealand Rugby Players Association.

ADVERTISEMENT

The drama surrounds the All Blacks’ revenue and the stakes involved in the Union, which would see New Zealand Rugby (NZR) sell five percent of its stake in future revenue through a stock market listing, which sources claim could raise up to $650m.

Additionally, Silver Lake, an American Private Equity firm would buy a 12.5% stake, but that is where things took a turn for the worse and came into the public domain.

The NZRPA is firmly opposed to foreign ownership of the All Blacks and has railed against any moves towards that happening, and the association and the NZR have engaged in a mud-slinging in recent weeks, forcing ex-New Zealand head coach Sir Steve Hansen to break his silence on the matter.

Speaking as part of the panel on Sky New Zealand’s The Breakdown show, former All Black John Kirwan voiced his opinions.

“Where I’m disappointed is the fact that both [the NZR and the NZRPA] have thrown out their trojan horses, players talking about values, losing the values and selling the game out, [then there’s] NZR not telling us what they’re going to do with the money,” he said.

Kirwan also said he was disappointed at a lack of solidarity between players who came out in support of the NZRPA – including Richie McCaw and Conrad Smith – when it emerged that the boss of the NZRPA Rob Nichol leaked to the media news that the owner of Forsyth Barr – which owns the sponsorship rights to the Highlander’s stadium in Dunedin – had also put in an offer equal to the amount of Silver Lake.

ADVERTISEMENT

“No-one is going to win this argument, we’re just going to look like fools around the world. If you’re Silver Lake, why haven’t you walked away? Someone needs to get out of the negotiating room, and it sounds like it should be Rob Nichol and the current boss of the NZR, because it looks like they are clashing, and it looks like it’s not working.”

As the game increases in popularity, more and more private equity firms are becoming interested parties in investing in the sport, with CVC taking stakes in the Guinness Pro14 and the 6 Nations. CVC previously owned Formula One and was largely unpopular during that tenure.

While the deal appears to be at an impasse currently, the next few weeks will likely be crucial to the future of the All Blacks as an entity, and might also have wider knock-on impacts for the game of rugby longer term.

ADVERTISEMENT

Comments




Related Articles

  • 89 WEEKS AGO

    Jeff Wilson Blast Scott Robertson

  • 90 WEEKS AGO

    Steve Hansen defends Ian Foster

  • 90 WEEKS AGO

    All Blacks make coaching changes



ADVERTISEMENT

Great Tries

  • 1 WEEK AGO

    Five of the best tries from the Investec Champions Cup

  • 11 WEEKS AGO

    The dummy that sold the whole of Perth - including the cameraman

  • 12 WEEKS AGO

    Bayonne score 'one of the best tries you'll ever see' in latest match against Exeter

  • 12 WEEKS AGO

    Baloucoune shows Andy Farrell what he's missing as the winger tears through Harlequins defence

  • 24 WEEKS AGO

    Seriously impressive Courtney Lawes compilation released after England player calls time on international career

View All

Big Hits & Dirty Play

  • 5 DAYS AGO

    Fiji Drua player Lomani slapped with ban following elbow attack

  • 10 WEEKS AGO

    The sending off that rocked the Six Nations opener

  • 11 WEEKS AGO

    Wrecking ball beats 10 players to score full length of the pitch try

  • 21 WEEKS AGO

    Streaker causes major bust up as he tackles player

  • 21 WEEKS AGO

    Monster hit from Perrin leaves Bristol Bears player stunned

View All

See It To Believe It

  • 6 DAYS AGO

    Tickets now on sale as World XV set to face France in thrilling encounter

  • 1 WEEK AGO

    '60 metres, plus change' - massive drop goal stuns fans

  • 1 WEEK AGO

    Referee makes 'tackle of the season' as he gets too close to the action

  • 3 WEEKS AGO

    Christian Wade proves he still has the X-factor with 50 metre mazy finish for Racing 92

  • 3 WEEKS AGO

    Magical sevens try leaves defender stuck in the mud

View All

Funnies

  • 2 WEEKS AGO

    George Ford falls victim to the kickers curse

  • 3 WEEKS AGO

    Awesome scenes as Blitzbok fan throws down at the HSBC SVNS

  • 8 WEEKS AGO

    Mike Philips recounts crazy night Shane Williams tried to fight Warren Gatland

  • 12 WEEKS AGO

    Shaun Edwards leaves room silent in new Six Nations documentary with French to English transition

  • 21 WEEKS AGO

    Streaker causes major bust up as he tackles player

View All

Amateur

  • 66 WEEKS AGO

    You Won’t See Many Better Than This Silky-Smooth Try From Llandovery RFC

  • 66 WEEKS AGO

    Incredible Scenes As Caldy RFC Hand Ealing First Championship Defeat Of The Season

  • 89 WEEKS AGO

    Dubious Score Decides Result Of Rugby's Biggest Schools Fixture

  • 89 WEEKS AGO

    Incredible Scenes At School Boys Rugby Match

  • 89 WEEKS AGO

    The Next Dominant Backrow?

View All

Player Features

  • 2 DAYS AGO

    TJ Perenara equals record as Hurricanes continue perfect season

  • 3 DAYS AGO

    Mitch Drummond pays tribute to the Mo'unga family in emotional interview

  • 3 DAYS AGO

    Julian Savea rolls back the years with 'bus' style finish

  • 4 DAYS AGO

    Saracens announce double retirement as club heads into rebuilding era

  • 5 DAYS AGO

    Fiji Drua player Lomani slapped with ban following elbow attack

View All