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, 27 May 2016
Hurricanes v Highlanders 07h35 Wellington
Waratahs v Chiefs 09h40 Sydney
Boland v Eagles 13h00 Wellington
Free State Cheetahs v Pumas 13h00 Bloemfontein
Kings v Jaguares 17h00 Ascoli Piceno
Border v Falcons 17h00 East London
Sat, 28 May 2016
Blues v Crusaders 07h35 Eden Park
Brumbies v Sunwolves 09h40 Canberra
Western Province v Griquas 10h15 Newlands
Blue Bulls v Leopards 12h15 Loftus Versfeld
Stormers v Cheetahs 13h00 DHL Newlands
Namibia v Griffons 13h00 Windhoek
Golden Lions v EP Kings 13h00 Johannesburg
Saracens v Exeter Chiefs 14h00 London
Bulls v Lions 15h05 Loftus Versfeld
Leinster v Connacht 16h30 Edinburgh
Sun, 29 May 2016
Rebels v Force 06h05 Melbourne
England v Wales 14h00 London
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Waratahs 11 6 0 5 30
Brumbies 11 7 0 4 29
Rebels 10 5 0 5 23
Reds 13 3 1 9 16
Force 11 2 0 9 11
Pool NZ
Team P W D L Pts
Chiefs 11 9 0 2 42
Crusaders 11 9 0 2 41
Highlanders 11 8 0 3 37
Hurricanes 11 7 0 4 36
Blues 11 6 1 4 29
Pool SA1
Team P W D L Pts
Bulls 11 7 1 3 32
Stormers 11 6 1 4 32
Cheetahs 11 3 0 8 16
Sunwolves 11 1 1 9 9
Pool SA2
Team P W D L Pts
Lions 11 8 0 3 37
Sharks 12 7 1 4 35
Jaguares 11 2 0 9 13
Kings 11 1 0 10 4