Petro-chemical conglomerate Ineos have dug deep into their pockets to resolve financial differences with New Zealand Rugby over kit sponsorship. 

A settlement has been reached after NZR lodged an injunction at the High Court in Wellington – the figure reportedly in excess of $21 million. 

Ineos get to terminate the deal after three years, and NZR can now attempt to secure a new sponsor. 

Halo Sport Managing Director Simon Porter told Mike Hosking NZR now has some prized assets to sell, and have some time to ensure they get a good deal. 

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