U.S. private-equity firm Silver Lake agrees to smaller stake in New Zealand’s All Blacks national rugby team
WELLINGTON, New Zealand—U.S. private-equity group Silver Lake has agreed to a scaled-down investment in commercial rights of the All Blacks, which values the New Zealand rugby team at about $2.3 billion.
Months of negotiations between Silver Lake, the governing body of New Zealand rugby and elite players have produced a deal that would still inject substantial cash into the sport in the country and give local financial institutions an opportunity to invest.
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