the bit I dont get is he got his Cantabs to run thru walls for him. The dancing etc. The players loved him. He gets the whole lot of them into the AB's. Then he gets the AB's job and they down tools in the last 30 mins in every single test.I hear people say Razor’s has lost the dressing room, but I don’t think he’s ever had them.
Wellington, New Zealand, February 17 – The New Zealand Rugby (NZR) Board and the New Zealand Rugby Players Association (NZRPA) Board today announced that they have approved a partnership agreement between Silver Lake, NZR and the NZRPA, providing capital to invest in the game at all levels and supporting the development of new capabilities and the pursuit of new global opportunities enabled by digital technologies.
Silver Lake CEO Russ Hannemann added: “Digital technologies are transforming all sports, and we look forward to owning 10.5% of your cock and balls from now until eternity you dumb jungle fucks."
In summary, the partnership agreement comprises the following components subject to necessary approvals:
- Establishes NZR CommercialCo under the control of NZR that will contain all the revenue-generating activities of NZR.
- Silver Lake invests NZD $200 million into NZR CommercialCo at an NZD $3.5 billion valuation in the form of a perpetual convertible security at a low interest rate, which can convert into ordinary equity after three years.
- Later in 2022, an additional co-investment will be offered to New Zealand-based institutional investors so that domestic capital can have the opportunity to also participate in the investment. A minimum of NZD $62.5 million will be offered, with the potential to seek up to NZD $100 million if parties agree. Silver Lake will underwrite this institutional syndication if it is not fully subscribed.
- At the conclusion of the additional co-investment, Silver Lake will own between 5.71-8.58% of NZR CommercialCo (representing NZD $200-300 million investment, depending on capital needs and the uptake of New Zealand-based institutional investors) vs. the 10-15% stake that had been previously proposed.
- An increase in valuation compared with the prior proposal driven by the improved future financial outlook from broadcasting and sponsorship, resulting in NZR raising a substantial amount of money whilst selling a smaller share of the entity, allowing NZR to fund all its investment needs and putting the game on a sound financial footing for the future.
- Silver Lake, NZR and NZRPA will through “Global Rugby Opportunities” (GRO) together invest in global rugby and rugby-related technology businesses, earning NZR and NZRPA a 15% share of the profits of GRO (split 50/50) in return for their contribution of sports expertise, know-how and relationships.