Matt Heath & Tyler Adams Afternoons

David Kirk: No breach of trust in exploring other options in NZR deal


Listen Later

An alternative offer to Silver Lake, valuing New Zealand Rugby at a colossal $3.8 billion, has been tabled by local investment manager Forsyth Barr.
The Auckland head-quartered company has conducted due diligence on the prospect of NZR selling a five per cent stake in its future commercial revenues through an NZX listing and believes investor demand could potentially raise as much as $650m.
Under the terms of the Forsyth proposal – conducted at the request of the New Zealand Rugby Players' Association which is not supportive of selling a stake in the national game to US fund manager Silver Lake - NZR would be able to raise between $170m and $190m, with as much as 40 per cent of the offering being open to mum and dad investors who could buy in for as little as $100.
Forsyth managing director Neil Paviour-Smith says that his firm are willing to underwrite the deal as a number of significant fund management houses and high net worth New Zealanders have already indicated they would make significant investments.
Such a deal would, therefore, be deemed low risk and value NZR at between $3.4bn and $3.8bn, which is 12 per cent to 23 per cent higher than the valuation offered by Silver Lake.
The Silver Lake deal, for which NZR has received the backing of provincial unions to proceed, will raise $387.5m and see the US group take 12.5 per cent of net revenue.
The NZRPA have been strongly opposed to the deal, with its president, former All Black captain David Kirk, also chairman of Forsyth Barr.
David told Si and Phil there has been no breach of trust.
"Rugby's going to change forever in New Zealand. The thought that we wouldn't discuss and debate the various options that are available to do that, it's just nonsensical."
LISTEN ABOVE
 

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Matt Heath & Tyler Adams AfternoonsBy Newstalk ZB


More shows like Matt Heath & Tyler Adams Afternoons

View all
Sunday Morning by RNZ

Sunday Morning

9 Listeners

Saturday Morning with Jack Tame by Newstalk ZB

Saturday Morning with Jack Tame

3 Listeners

The Hauraki Breakfast Podcast by Radio Hauraki

The Hauraki Breakfast Podcast

31 Listeners

The Mike Hosking Breakfast by Newstalk ZB

The Mike Hosking Breakfast

56 Listeners

Weekend Sport with Jason Pine by Newstalk ZB

Weekend Sport with Jason Pine

4 Listeners

The Weekend Collective by Newstalk ZB

The Weekend Collective

2 Listeners

The Front Page by NZ Herald

The Front Page

15 Listeners

The Agenda by The Alternative Commentary Collective

The Agenda

11 Listeners

The OneRoof Radio Show by Newstalk ZB

The OneRoof Radio Show

5 Listeners

The Leighton Smith Podcast by Newstalk ZB

The Leighton Smith Podcast

115 Listeners

Smart Money by Newstalk ZB

Smart Money

1 Listeners

The Detail by RNZ

The Detail

54 Listeners

A Captain's Cup by Radio Sport

A Captain's Cup

1 Listeners

The Property Academy Podcast by Opes Partners

The Property Academy Podcast

29 Listeners

Between Two Beers Podcast by Steven Holloway & Seamus Marten

Between Two Beers Podcast

88 Listeners

Newstalk ZB ANZAC Centenary Tribute by Newstalk ZB

Newstalk ZB ANZAC Centenary Tribute

0 Listeners

What a Lad by James Marshall

What a Lad

34 Listeners

Sportstalk with D'Arcy Waldegrave by Newstalk ZB

Sportstalk with D'Arcy Waldegrave

0 Listeners

The BYC Podcast by The Alternative Commentary Collective

The BYC Podcast

12 Listeners

The Hauraki Big Show by Radio Hauraki

The Hauraki Big Show

17 Listeners

On The Front Foot by Newstalk ZB

On The Front Foot

5 Listeners

Holiday Breakfast by Newstalk ZB

Holiday Breakfast

0 Listeners

The Superior Sailor Series by Newstalk ZB

The Superior Sailor Series

0 Listeners

When the Facts Change by The Spinoff

When the Facts Change

17 Listeners

Rugby Direct by Newstalk ZB

Rugby Direct

4 Listeners

The Dom Harvey Podcast by Dom Harvey

The Dom Harvey Podcast

78 Listeners

News Fix by Newstalk ZB

News Fix

0 Listeners

The Big League Podcast by Newstalk ZB

The Big League Podcast

2 Listeners

Election 2023: The Front Bench by Newstalk ZB

Election 2023: The Front Bench

0 Listeners

All Sport Breakfast Canterbury by NewstalkZB

All Sport Breakfast Canterbury

0 Listeners

Sports Fix by Newstalk ZB

Sports Fix

1 Listeners

Football Fever by Newstalk ZB

Football Fever

0 Listeners

Sportscafe by Sportscafe Media x iHeartRadio NZ

Sportscafe

20 Listeners

Great Chats with Francesca Rudkin by Newstalk ZB

Great Chats with Francesca Rudkin

0 Listeners