Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Rugby | Vodacom Super Rugby

NZ franchises attract private investment



Private investors have been granted the licences to run two of New Zealand's Super Rugby teams from 2013, the New Zealand Rugby Union said on Monday, in a move aimed at better exploiting the commercial potential of the franchises.

The Hurricanes and Crusaders will operate under the new licensing agreement from next year after a deal between commercial investors and local unions had been reached, NZRU chief executive Steve Tew said.

"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.

Under the agreement, the licensee will manage the team and have control over marketing, while it will generate revenue from gate receipts, the sale of naming rights and from "non-rugby" activities.

The NZRU, however, will retain ownership of the teams and responsibility for centrally contracting playing and coaching staff, which allows them to continue to prioritise the production of players for the All Blacks.

The NZRU had called for expressions of interest in licences to manage four of the five franchises – the Blues, Waikato Chiefs, Hurricanes and Crusaders – earlier this year.

The Highlanders, the other New Zealand side in the southern hemisphere competition, were not included as they were already seeking other management opportunities.

The governing body said it expected a bid for the Blues franchise licence to be in place for the 2014 season, while the 2012 Super Rugby-winning Chiefs had not submitted a formal bid in time, which Tew described as "disappointing".

It is the first time that outside investment has been allowed in New Zealand's five Super Rugby franchises since the launch of the competition in 1996.

New Zealand are by far the most successful nation in the Super Rugby competition but the smaller population of the country compared to Australia and South Africa means that revenue potential is lower.

Shop

The Poisoned Chalice
The Springboks have had several post-isolation coaches, and if they agree on nothing else, they will concur that everyone in the job suffers enormous pressure
R157.00
Coach - Marco Botha
At 34, Heyneke Meyer was fired as head coach of a Super Rugby team for the second time
R114.00
South Africa XV Ball
South Africa XV Ball Now: R119 Was: R200 Format:Sport EquipmentProduct type:SportDelivery:Dispatched within 24 hours (1 working day) This fan ball...
R119.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Kyle Brown
Fans, fun and Sevens success
The week leading up to the Nelson Mandela Bay Sevens was a special one. The fans were passionate,...

Brendan Venter
Boks must think outside the box
Springbok supporters have every right to feel disenchanted after an underwhelming end-of-year tour.

Tony Johnson
Boks and Wallabies burnt in final outings
Playing the last test of the year in the last week of November has again proven to be a stumbling...

Gavin Rich
Boks learned quite a lot actually
When SuperSport returned from the Millennium Stadium to the studio discussion, it was mentioned...