Crusaders & Hurricanes go 'private'

Mon, 12 Nov 2012 11:22
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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.

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Sat, 30 April 2016
Highlanders v Brumbies 07h35 Dunedin
Reds v Cheetahs 09h40 Brisbane
Border v Pumas 12h30 East London
Namibia v EP Kings 13h00 Windhoek
Leicester Tigers v Worcester Warriors 14h00 Welford Road
Northampton Saints v Bath 14h15 Franklin's Gardens
Western Province v Golden Lions 14h15 Newlands
Cardiff Blues v Ospreys 14h30 Millennium Stadium
Ulster v Leinster 15h00 Kingspan Stadium
Lions v Hurricanes 15h05 Johannesburg
Dragons v Scarlets 17h00 Millennium Stadium
Stormers v Waratahs 17h10 Cape Town
Jaguares v Kings 21h40 Buenos Aires
Sun, 01 May 2016
Exeter Chiefs v Wasps 12h00 Sandy Park
London Irish v Harlequins 14h00 Madejski Stadium
Saracens v Newcastle Falcons 14h15 Allianz Park
Fri, 06 May 2016
Crusaders v Reds 07h35 Christchurch
Brumbies v Bulls 09h40 Canberra
Griffons v Eagles 15h00 Welkom
EP Kings v Blue Bulls 16h00 Port Elizabeth
RESULT SCORE
Sat, 30 April 2016
Blues v Rebels 36 | 30
Fri, 29 April 2016
Munster v Edinburgh 27 | 19
Glasgow Warriors v Zebre 70 | 10
Treviso v Connacht 22 | 21
Sale Sharks v Gloucester 11 | 12
Boland v Griquas 14 | 30
Force v Bulls 20 | 42
Chiefs v Sharks 24 | 22
Wed, 27 April 2016
Eagles v Leopards 26 | 21
Falcons v Griffons 26 | 49
Sun, 24 April 2016
Leicester Tigers v Racing Metro 16 | 19
Brumbies v Crusaders 14 | 40
Sat, 23 April 2016
Kings v Lions 10 | 45
Bath v Sale Sharks 32 | 26
Saracens v Wasps 24 | 17
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Pool AU
Team P W D L Pts
Rebels 8 5 0 3 22
Brumbies 8 5 0 3 21
Waratahs 7 3 0 4 17
Reds 8 1 1 6 8
Force 9 1 0 8 6
Pool NZ
Team P W D L Pts
Chiefs 9 8 0 1 37
Crusaders 8 7 0 1 32
Hurricanes 8 5 0 3 26
Highlanders 8 5 0 3 24
Blues 7 3 1 3 16
Pool SA1
Team P W D L Pts
Stormers 8 6 0 2 28
Bulls 8 6 1 1 28
Cheetahs 8 2 0 6 12
Sunwolves 8 1 0 7 7
Pool SA2
Team P W D L Pts
Lions 8 6 0 2 27
Sharks 9 4 1 4 23
Jaguares 8 1 0 7 7
Kings 7 1 0 6 4