A landmark moment for New Zealand Rugby

In arguably the biggest move since the game went professional, New Zealand Rugby has received a $465 million offer from US technology investment giants Silver Lake for a 15 percent share of commercial rights valued at $3.1 billion.

If the deal's signed off by NZR's provincial unions in the coming months, it'd be the largest transaction of this nature in New Zealand's sporting history.

NZR's plans involve setting up a new subsidiary company, responsible for maximising commercial rights -- including broadcast, sponsorship, merchandising and growing future revenue streams.

The Herald's Liam Napier explains how that could affect the All Blacks.



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