Impey: No private equity money
New Zealand Rugby continues to look at new ways of funding the game but there ‘‘is no money on the table’’ from private equity, says chairman Brent Impey.
‘‘We’re not chasing anything,’’ Impey told Sky’s Breakdown show on Tuesday.
‘‘We haven’t got any agreements with anybody, there’s not money on the table.
‘‘Our major priority right now is ensuring the survival of rugby post-Covid.’’
Private equity company CVC has already taken a stake in the English domestic competition and was on the verge of buying into the Six Nations before the coronavirus crisis arrived.
NZ Rugby
CEO Mark Robinson confirmed in February that the door was open to private equity, prompting speculation that deals could be struck in New Zealand, but it appears they are some way off.
‘‘The question arises in this area as to capital,’’ Impey said. ‘‘In order to run sport you need money into your game.
‘‘So, we are open to discussing all of this but it is miles away from anything that is on the table.
‘‘So, it’s pure speculation at this point and it’s certainly not a priority.’’
Impey also reaffirmed NZ Rugby’s commitment to Sanzaar, although he left the door open to competition structure change due to the uncertainty caused by the coronavirus.
‘‘The four Sanzaar countries are very united, as seen by the vote for Gus Pichot [at the World Rugby election].
‘‘We see a lot of strength in the Sanzaar alliance and at this stage we obviously want to continue with our professional club rugby competition, and also the Rugby Championship.