NZ rugby new sponsorship
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We love our Taranaki morons, don't we.
Gregor Paul: NZR’s $60 million financial challenge
OPINION: NZR faces a big deficit next year due to lost sponsorships and reduced deals.
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Hi guys, Mark Robinson here. I got 3Cs in Bursary, no worries though, I went to NZ's worst university, and due to a really shithouse canterbury coach I played for the All Blacks.
That got me a sports scholarship to Cambridge, and lucky for you, the captain of the team was a really nice guy who made all his money from private equity deals (he was some scum bag who was head of PE deals at some boutique London firm), and that meant that I got the best advice to sell NZ rugby!
Short story, but I'm a moron and the worst people in America fucked NZ rugby over! Great, we are $60M in the hole, but we are going to have such a good app! And Taika Watiti, the worst director going, we are going to give him $10M.
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pretty limp "hit back"....acknowledging and trying to explain
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@Kiwiwomble said in NZ rugby new sponsorship:
pretty limp "hit back"....acknowledging and trying to explain
It's Sky UK. There's a reason its subscribership is declining and it loses money.
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@Machpants me too, although im always interested how many people seem to prefer having a sponsor on jerseys
would be interesting if there is an uptick or downtick in sales, if up you wonder if it would ever be worth it for adidas to pay to not have a sponsor on the front
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Confidential settlement reached.
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The official press release is very brief:
New Zealand Rugby and INEOS can confirm that a settlement has been reached between the two parties. Whilst the details remain confidential, both organisations are satisfied with the outcome and acknowledge a desire to now move forward.
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@Machpants said in NZ rugby new sponsorship:
Good news, generally means a bit more cash
And we can move on
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@Machpants obviously more cash than when they weren't paying...
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@taniwharugby said in NZ rugby new sponsorship:
@Machpants obviously more cash than when they weren't paying...
Ineos wouldnt have paid the full amount of the remaining contract.
NZR would have got less but are free to engage with another sponsor
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@taniwharugby said in NZ rugby new sponsorship:
@Machpants obviously more cash than when they weren't paying...
And they can stop paying the lawyers now
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@canefan said in NZ rugby new sponsorship:
@taniwharugby said in NZ rugby new sponsorship:
@Machpants obviously more cash than when they weren't paying...
And they can stop paying the lawyers now
NZR had a pretty watertight case. Ineos conceded as much in the press release (blaming business condition in Europe as opposed to NZr not upholding their side of the bargain)
A protracted court case would have been a distraction for NZR and would have put a strain on their resources if they used inhouse legal team to fight this (more thsn likely
Would have had to use outside counsel which would be $$$). Plus, it may put off potential sponsors.Best result to settle it with minimum of fuss, move on and add a new sponsor as the international season starts.
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