New Zealand Rugby to consider selling stake in All Blacks to US investors
New Zealand Rugby (NZR) faces a momentous decision on the future of the All Blacks at its annual meeting tomorrow, when it will consider whether to sell a stake in the commercial value of the national team to US investors.
- Rugby officials argue the sale is necessary to secure the future financial sustainability of NZR
- Players have asked for assurances important traditional and cultural symbols for the team will not be sold and commercialised
- The sale would mark the first time in more than 115 years the All Blacks did not wholly belong to New Zealanders
New Zealand’s 26 provincial unions will vote on a recommendation from NZR that it should bundle its commercial interests into a new entity and sell a 12.5 per cent stake of…