Blues go 'private'

Fri, 17 May 2013 10:47
Large steve tew presser Large john kirwan   graham henry2 Large steve tew media 630

The licence to operate the Blues Super Rugby franchise has been partially sold-off to a private investment firm.

The licence to operate the Blues Super Rugby franchise has been partially sold-off to a private investment firm, the New Zealand Rugby Union said on Friday.

NZRU chief executive Steve Tew said the deal, which involves Auckland-based Bolton Equities taking a 40 percent stake in the three-time champions' operations, was part of a plan to improve New Zealand team's finances.

"With fresh thinking and new capital we believe the Blues will be better equipped to face the challenges ahead," he 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 year for the All Blacks to wear a sponsor's logo on their jerseys for only the second time in their 108-year history.

The Hurricanes and Crusaders agreed to similar deals last year.

The NZRU said progress was being made on finding an investor for defending Super Rugby champions the Chiefs.

New Zealand's only other Super Rugby side, the financially struggling Highlanders, was not included in the sale process.

AFP

There are currently no matches being played
FIXTURE GMT VENUE
Sun, 07 February 2016
London Irish v Worcester Warriors 13h00 Madejski Stadium
Exeter Chiefs v Saracens 13h00 Sandy Park
Ireland v Wales 15h00 Dublin
Mon, 08 February 2016
UP-Tuks v NWU-Pukke 14h45 Pretoria
UJ v NMMU-Madibaz 16h30 Johannesburg
Wits v TUT 16h30 Johannesburg
UWC v UKZN-Impi 16h30 Cape Town
Maties v CUT-Ixias 16h30 Stellenbosch
UCT-Ikeys v Shimlas 17h00 Cape Town
Fri, 12 February 2016
Treviso v Cardiff Blues 22h00 Stadio Comunale di Monigo
Leinster v Zebre 22h00 RDS Arena
Sat, 13 February 2016
France v Ireland 14h25 Paris
Sale Sharks v Exeter Chiefs 14h30 AJ Bell Stadium
Worcester Warriors v Bath 15h00 Sixways
Saracens v Wasps 15h00 Allianz Park
Gloucester v Harlequins 15h00 Kingsholm
Northampton Saints v London Irish 15h00 Franklin's Gardens
Wales v Scotland 16h50 Cardiff
SUPER RUGBY
MORE LOGS
Pool AU
Team P W D L Pts
Waratahs 0 0 0 0 0
Brumbies 0 0 0 0 0
Rebels 0 0 0 0 0
Reds 0 0 0 0 0
Force 0 0 0 0 0
Pool NZ
Team P W D L Pts
Hurricanes 0 0 0 0 0
Highlanders 0 0 0 0 0
Chiefs 0 0 0 0 0
Crusaders 0 0 0 0 0
Blues 0 0 0 0 0
Pool SA1
Team P W D L Pts
Stormers 0 0 0 0 0
Bulls 0 0 0 0 0
Cheetahs 0 0 0 0 0
Sunwolves 0 0 0 0 0
Pool SA2
Team P W D L Pts
Lions 0 0 0 0 0
Sharks 0 0 0 0 0
Jaguares 0 0 0 0 0
Kings 0 0 0 0 0