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
Sat, 30 July 2016
Hurricanes v Chiefs 07h35 Wellington
Lions v Highlanders 13h00 Johannesburg
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