In a historic move that is poised to give the cash-strapped code a massive injection of cash and a second chance, Rugby Australia’s private equity pitch is moving closer.
While New Zealand Rugby is still locking horns with their players’ association over their NZ$380 deal with Silver Lake, RA, which posted a $27 million deficit in the pandemic-hit 2020 in April, last week had a steering committee on private equity.
RA is gearing up to sell between 10-15 per cent of its assets, but is likely to follow the lead of the NZR and settle for 12.5 per cent.
The move comes as RA desperately try to improve the standing of the Wallabies, who slumped to their 19th straight Bledisloe Cup series defeat last weekend and are ranked No.7 in the world.
