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3 years ago

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Cash-strapped New Zealand Rugby woos private equity

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Cash-strapped New Zealand Rugby woos private equity

New Zealand Rugby is in discussions with private equity investors after the Covid-19 pandemic slashed the union's cash reserves, chief executive Mark Robinson revealed Thursday. Robinson told the New Zealand Herald that NZR had burned through 47 percent of its NZ$86 million (US$58 million) cash reserves during the pandemic, which equates to more than NZ$40 million.

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Cash-strapped New Zealand Rugby woos private equity

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Cash-strapped New Zealand Rugby woos private equity

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