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, 30 September 2016
Golden Lions v Sharks 15h00 Johannesburg
EP Kings v Pumas 16h00 Nelspruit
Western Province v Boland 17h10 Cape Town
Dragons v Glasgow Warriors 18h35 Rodney Parade
Connacht v Edinburgh 18h35 Sportsground
Bristol v Saracens 18h45 Ashton Gate
Northampton Saints v Exeter Chiefs 18h45 Franklin's Gardens
Sat, 01 October 2016
Free State Cheetahs v Griquas 12h00 Bloemfontein
Sale Sharks v Leicester Tigers 13h30 AJ Bell Stadium
Gloucester v Bath 14h00 Kingsholm
South Africa v Australia 15h05 Loftus Versfeld
Munster v Zebre 16h00 Thomond Park
Argentina v New Zealand 17h10 Ascoli Piceno
Ulster v Ospreys 17h30 Kingspan Stadium
Cardiff Blues v Leinster 18h35 BT Sport Cardiff Arms Park
Cardiff Blues v Cardiff Blues 19h05 Stadio Monigo
Sun, 02 October 2016
Wasps v Harlequins 13h30 Ricoh Arena
Worcester Warriors v Newcastle Falcons 14h00 Sixways
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Brumbies 15 10 0 5 43
Waratahs 15 8 0 7 40
Rebels 15 7 0 8 31
Reds 15 3 1 11 17
Force 15 2 0 13 13
Pool NZ
Team P W D L Pts
Hurricanes 15 11 0 4 53
Highlanders 15 11 0 4 52
Chiefs 15 11 0 4 51
Crusaders 15 11 0 4 50
Blues 15 8 1 6 39
Pool SA1
Team P W D L Pts
Stormers 15 10 1 4 51
Bulls 15 9 1 5 42
Cheetahs 15 4 0 11 21
Sunwolves 15 1 1 13 9
Pool SA2
Team P W D L Pts
Lions 14 11 0 3 52
Sharks 15 9 1 5 43
Jaguares 14 3 0 11 18
Kings 15 2 0 13 9