Crusaders & Hurricanes go 'private'

Mon, 12 Nov 2012 11:22
Large dan carter crusaders3 630 Large mark hammett hurricanes 630 Large dan carter crusaders2 630 Large hurricanes celebrate4 630

The licences for the Crusaders and Hurricanes Super Rugby franchises will be partially sold-off to private investors, the NZRU said Monday.

The licences for the Crusaders and Hurricanes Super Rugby franchises will be partially sold-off to private investors, the New Zealand Rugby Union said Monday.

NZRU chairman Steve Tew said a joint-ownership deal had already been struck for the Hurricanes licence and a similar arrangement was expected to be finalised for seven-time Super Rugby champions the Crusaders within a month.

"These new arrangements are a step forward in terms of putting Super Rugby on a stronger financial footing to ensure the game at the professional level is better placed to prosper and deliver for its fans," Tew said in a statement.

It is the latest in a series of moves by the NZRU to improve its finances, including a deal unveiled last month for the All Blacks to wear a sponsor's logo on their jerseys for only the second time in their 107-year history.

As part of the Wellington sell-off, existing owner the Wellington Rugby Football Union will jointly run the team with a business consortium that includes investors linked to the Wellington Phoenix A-League football club.

The NZRU did not disclose how much the consortium paid for a 50 percent stake in the Hurricanes licence until 2016 and the option for a five-year renewal after that.

The NZRU, which invited expressions of interest last December in four of the country's five Super Rugby teams, failed to finalise deals for the Auckland Blues and Waikato Chiefs in time for the 2013 season.

New Zealand's fifth Super Rugby team, the financially struggling Otago Highlanders, was not included in the sale process.

There are currently no matches being played
FIXTURE GMT VENUE
Fri, 28 April 2017
Highlanders v Stormers 07h35 Dunedin
Cardiff Blues v Zebre 18h05 Cardiff
Edinburgh v Dragons 18h35 Myreside
Leinster v Glasgow Warriors 18h35 RDS Arena
Newcastle Falcons v Worcester Warriors 19h00 Kingston Park
Sat, 29 April 2017
Chiefs v Sunwolves 07h35 Hamilton
Reds v Waratahs 09h45 Suncorp Stadium
Force v Lions 11h55 Perth
Ospreys v Ulster 14h00 Liberty Stadium
Bath v Gloucester 14h00 Recreation Ground
Exeter Chiefs v Northampton Saints 14h00 Sandy Park
Saracens v Bristol 14h00 Allianz Park
Harlequins v Wasps 14h00 Twickenham Stoop
Leicester Tigers v Sale Sharks 14h00 Welford Road
Cheetahs v Crusaders 15h15 Bloemfontein
Treviso v Munster 17h05 Stadio Monigo
Kings v Rebels 17h30 Nelson Mandela Bay Stadium
Connacht v Scarlets 18h35 Sportsground
Jaguares v Sharks 19h40 Buenos Aires
Sun, 30 April 2017
Brumbies v Blues 06h05 Canberra
RESULT SCORE
Sun, 23 April 2017
Clermont Auvergne v Leinster 27 | 22
Sat, 22 April 2017
Sharks v Rebels 9 | 9
Bulls v Cheetahs 20 | 14
Munster v Saracens 10 | 26
Force v Chiefs 7 | 16
Crusaders v Stormers 57 | 24
Highlanders v Sunwolves 40 | 15
Fri, 21 April 2017
Lions v Jaguares 24 | 21
Waratahs v Kings 24 | 26
Hurricanes v Brumbies 56 | 21
Mon, 17 April 2017
UP-Tuks v Maties 28 | 21
Sun, 16 April 2017
Bristol v Wasps 21 | 36
Northampton Saints v Saracens 25 | 27
Sat, 15 April 2017
Connacht v Leinster 24 | 37
Treviso v Edinburgh 21 | 6
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 8 3 0 5 17
Reds 8 2 0 6 10
Force 7 2 0 5 9
Waratahs 8 2 0 6 9
Rebels 7 1 1 5 7
Pool NZ
Team P W D L Pts
Crusaders 8 8 0 0 36
Hurricanes 8 7 0 1 33
Chiefs 8 7 0 1 33
Highlanders 8 5 0 3 23
Blues 8 3 0 5 17
Pool SA1
Team P W D L Pts
Stormers 8 6 0 2 26
Bulls 8 3 0 5 14
Cheetahs 8 2 0 6 10
Sunwolves 8 1 0 7 5
Pool SA2
Team P W D L Pts
Lions 8 7 0 1 32
Sharks 8 5 1 2 24
Jaguares 8 4 0 4 20
Kings 8 2 0 6 10