Their players are household names, and countless youngsters dream of running out to perform the famed haka pre-match challenge to opponents.
New Zealand Rugby chief executive Mark Robinson said the deal would be"transformational" for rugby in New Zealand, and for club sides that are perennially short of cash despite the All Blacks' on-field success. But critics point to the European Super League debacle as evidence that mega-rich foreign owners often chase cash and care little about a sport's tradition and culture."Clubs have sold their souls and then had to do complete backflip," former NZR chief executive David Moffett told Radio NZ.
All Blacks fans reacted angrily to a shirt sponsorship deal with US insurance giant AIG in 2012, flooding the team's Facebook page with comments accusing NZR of disrespecting a jersey that until then had been largely commercial free. City were among those willing to participate in the short-lived move by 12 top clubs in Europe to form the rebel Super League.Documents released before the vote revealed US$28 million of the Silver Lake money would be released to New Zealand Rugby stakeholders and a proportion would also be put into a long-term"legacy fund" to ensure the game remained sustainable.
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All Blacks selling their souls? New Zealand Rugby mulls controversial US investment💰💰💰 New Zealand Rugby is poised to vote on the sale of a multi-million dollar stake in its legendary AllBlacks franchise to a US private equity firm, opening a new front in the battle over big money in sport IOLsport rugby
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