Although Silver Lake is a brand is primarily focused on making investments in the technology sector, the California-based company is interested in acquiring a stake in New Zealand’s national Rugby team, the All Blacks. They already stand as a part-owner of the Manchester City Football Club, so it makes sense than another iconic name in the sports field has captured their interest.
The potential involvement of Silver Lake in New Zealand Rugby is generating buzz among rugby betting enthusiasts, as this move could significantly impact the landscape of sports betting NZ.
Rumour has it that the business could be announcing the deal that will see it securing a minority holding in the commercial rights arm of the New Zealand Rugby arm as soon as this month. If confirmed, the purchase would see NZR collecting just over NZ$2 billion in return for a 15% stake.
For those interested in sports betting NZ, the partnership between Silver Lake and New Zealand Rugby could open up new betting opportunities and strategies, particularly in digital and media rights.
If the deal goes through, Silver Lake becoming involved with the All Blacks and NZR would become the latest and arguably most important example of major sports rights owners fundraising. After the devastations wrought in this market by the novel coronavirus COVID-19, companies are doing everything they can to get back on track.
It is understood that Silver Lake is in competition with a number of other private equity investment organisations to see the deal go through. The process is being run by Jefferies, a diversified financial services company and investment bank. The equity enterprise’s partnership with the All Blacks will, in all likelihood, build up the team’s digital and media rights strategy. This is the approach the venture took when they bought into Manchester United F.C.
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More About Gary Hicks
When it comes to knowing what’s going on, on the track, field or any other sporting arena, Gary Hicks is your man. With an almost unrivalled passion for journalism, sports and betting Gary decided to combine his love of all 3 and share his expertise with the world.
In the last few years Gary has risen through the ranks and prides himself on always keeping a finger on the pulse of what’s hot and happening in the sports betting world. Gary is the resident news expert at OnlineBettingNZ.co.nz and his articles make for invaluable fodder for any avid punter.
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