U.S. private equity firm Silver Lake is in advanced talks to acquire a minority stake in the commercial activities of New Zealand Rugby, home of the world-renowned All Blacks team.
Reuters reports the potential transaction was for a stake of “up to 15%” of the three-times winners of the Rugby World Cup asking not to be identified because the negotiations are private.
The talks with Silver Lake were first reported by Sky News, which said the deal for a 15% stake would value the team at about $2 billion.
Sky said a deal had not been concluded, but could be announced as soon as this month.
Source: Reuters
