FILE PHOTO: Rugby Union - Rugby World Cup - Bronze Final - New Zealand v Wales - Tokyo Stadium, Tokyo, Japan - November 1, 2019 New Zealand team pose for pictures after receiving bronze medals. REUTERS/Peter Cziborra
SYDNEY (Reuters) - U.S. private equity firm Silver Lake is in advanced talks to acquire a minority stake in the commercial activities of New Zealand Rugby, home of the world-renowned All Blacks team, a source with knowledge of the negotiations told Reuters.
The potential transaction was for a stake of "up to 15%" of the three-times winners of the Rugby World Cup, the source said, asking not to be identified because the negotiations are private.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
