Union-Silver Lake Agreement, audit casts doubt
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For several months now, a file has been towed inside the New Zealand Rugby Union: the partnership agreement with US investment fund Silver Lake.
Since February, this project has seen many twists and turns: Announced in February, the partnership was left aside after New Zealand’s counties requested more information. In May, it was announced that a vote would be held on June 2 to decide the future of this agreement.
This partnership divides many. New Zealand Players Association chief David Kirk fears that the spirit of New Zealand rugby will be sacrificed to commercial interests.
In addition, a report from an audit firm casts some doubt about this potential agreement, its necessity, and Silver Lake’s ability to meet its obligations.
to summarize
For several months now, a file has been towed inside the New Zealand Rugby Union: the partnership agreement with US investment fund Silver Lake. This project will be put to a vote, but scrutiny also casts doubt on this partnership.
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