NZR review
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@Toddy said in NZR review:
They have to make payments (4%??) to Silver Lake and currently those payments are interest payments due to the debt type of funding that was setup with Silver Lake. It would change (I think) if Silver Lake exercises its option to take an equity position.
Ok makes sense. But the Silver Lake deal is a dog. Didn’t realise they had that option. How long for? So NZRFU have to repay debt if option not exercised. What exactly have they done for this option so far? Amateur hour..
@kev said in NZR review:
@Toddy said in NZR review:
They have to make payments (4%??) to Silver Lake and currently those payments are interest payments due to the debt type of funding that was setup with Silver Lake. It would change (I think) if Silver Lake exercises its option to take an equity position.
Ok makes sense. But the Silver Lake deal is a dog. Didn’t realise they had that option. How long for? So NZRFU have to repay debt if option not exercised. What exactly have they done for this option so far? Amateur hour..
Probably updated the format of the player stats site.
I wondered if anyone (everyone) else thought it was as shit as I do - seems @Nepia and I are in complete agreement for once!
Enshitification at work!
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@kev said in NZR review:
@Toddy said in NZR review:
They have to make payments (4%??) to Silver Lake and currently those payments are interest payments due to the debt type of funding that was setup with Silver Lake. It would change (I think) if Silver Lake exercises its option to take an equity position.
Ok makes sense. But the Silver Lake deal is a dog. Didn’t realise they had that option. How long for? So NZRFU have to repay debt if option not exercised. What exactly have they done for this option so far? Amateur hour..
Probably updated the format of the player stats site.
I wondered if anyone (everyone) else thought it was as shit as I do - seems @Nepia and I are in complete agreement for once!
Enshitification at work!
@Chris-B said in NZR review:
I wondered if anyone (everyone) else thought it was as shit as I do - seems @Nepia and I are in complete agreement for once!
It looks shiny and new but is complete crap. With the old stats site you could easily find info. Now it just appears to be player bios. I was curious to know who is now the oldest living AB. That was an easy click before. Now, who the fuck knows!
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I don't think so. It's the interest payments if they decide not to convert. It's the portion of commercial revenue, not profit, if they do decide to convert. One or the other.
@Toddy said in NZR review:
I don't think so. It's the interest payments if they decide not to convert. It's the portion of commercial revenue, not profit, if they do decide to convert. One or the other.
The key is they have the option so guaranteed minimum revenue and upside if things improve.
What’s missing Is any news on what has happened post deal. Developing new revenue stream for any business is very difficult. Sports is a saturated market I would have thought.
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@Toddy said in NZR review:
I don't think so. It's the interest payments if they decide not to convert. It's the portion of commercial revenue, not profit, if they do decide to convert. One or the other.
The key is they have the option so guaranteed minimum revenue and upside if things improve.
What’s missing Is any news on what has happened post deal. Developing new revenue stream for any business is very difficult. Sports is a saturated market I would have thought.
@kev said in NZR review:
What’s missing Is any news on what has happened post deal.
That's it isn't it, from the outside it appears theynhave done nothing for us, yet this deal was meant to open new doors and increase revenue
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@kev said in NZR review:
What’s missing Is any news on what has happened post deal.
That's it isn't it, from the outside it appears theynhave done nothing for us, yet this deal was meant to open new doors and increase revenue
@taniwharugby said in NZR review:
@kev said in NZR review:
What’s missing Is any news on what has happened post deal.
That's it isn't it, from the outside it appears theynhave done nothing for us, yet this deal was meant to open new doors and increase revenue
NZR+
Which fuck all signed up to and now they put it all on YT etc anyway... Maybe young hip people want to watch that, but I want games and good analysis. Sky does one, only @Mauss and Squidge (cos I fin him funny YMMV) do the other
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@Tim said in NZR review:
https://dylancleaver.substack.com/p/a-lament-for-pakistan-cricket
Why NZR+? ….buyers remorse with Silverlake deal? … bad decisions everywhere….
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@Tim said in NZR review:
https://dylancleaver.substack.com/p/a-lament-for-pakistan-cricket
Why NZR+? ….buyers remorse with Silverlake deal? … bad decisions everywhere….
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@canefan said in NZR review:
@gt12 said in NZR review:
Hopefully good news.
Two seats for Silver lake...
Ejector seats?
Does anyone know what this Commercial arm has done? Or is doing? Will Silver Lake be a positive? Or a dead weight?
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@canefan said in NZR review:
@gt12 said in NZR review:
Hopefully good news.
Two seats for Silver lake...
Ejector seats?
Does anyone know what this Commercial arm has done? Or is doing? Will Silver Lake be a positive? Or a dead weight?
@kev said in NZR review:
@canefan said in NZR review:
@gt12 said in NZR review:
Hopefully good news.
Two seats for Silver lake...
Ejector seats?
Does anyone know what this Commercial arm has done? Or is doing? Will Silver Lake be a positive? Or a dead weight?
It feels like they are leeches
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Silver Lake just bought 15% of TikTok, so there might be some more AB slop in the future.
@Tim said in NZR review:
Silver Lake just bought 15% of TikTok, so there might be some more AB slop in the future.
Oh good, Ardie can raise his TT platform
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A Rugby Legend Tries to Save Fading All Blacks From Mediocrity
NZR’s NZ$3.5 billion valuation, the financial basis of Silver Lake’s investment, hasn’t changed in four years, according to a person familiar with the company. That is scant progress for the private equity industry, which often flips assets after three to five years. The firm underestimated the challenges of dealing with an organization that struggled to adapt to the modern professional game, added the person, who asked not to be identified as such details haven’t been made public.
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A Rugby Legend Tries to Save Fading All Blacks From Mediocrity
NZR’s NZ$3.5 billion valuation, the financial basis of Silver Lake’s investment, hasn’t changed in four years, according to a person familiar with the company. That is scant progress for the private equity industry, which often flips assets after three to five years. The firm underestimated the challenges of dealing with an organization that struggled to adapt to the modern professional game, added the person, who asked not to be identified as such details haven’t been made public.
A lot of sports fans dont correctly understand why big money are keen to get into the sports business.
Sports fans think it's the cash they are after, but it's not, it's the capital gain on the asset.
Silver lake will be pissed off.
As time rolls on, the SL deal is looking like a dud, for all sides.
