Quick links: Rugby Video | Six Nations Rugby | Premiership Rugby | LV= Cup | Rugby Championship | Heineken Cup Rugby | Pro 12 Rugby | Super Rugby | Currie Cup Rugby | Rugby World Cup

Super Rugby kicks off with private ownership in NZ

Tim Bateman celebrates with the Hurricanes

Email Article | | Print Article | Click here for a free $150 Bet

Article Published: Monday 12 November 2012

The Hurricanes Super Rugby franchise in New Zealand has been taken over by Hurricanes Investments LP which will ensure that the team stays in Wellington for at least another eight years.

Last year the NZRU put out to tender licences for four of the five Super Rugby licences and the Hurricanes Franchise is the first one to be secured on a three year contract with an option for a further five years.

The new board will be led by current Chief executive of NZ Post Group and former partner of PricewaterhouseCoopers and chairman of Rugby NZ 2011 Ltd, Brian Roche.

"The announcement today represents a new phase in the development of the Hurricanes. It's a privilege for us all to be associated with the opportunities the License arrangement provides. "

"This will ensure that the Hurricanes continue to be a key part of the image and brand of the region - in perspective of both our rugby profile and the economic impact the team brings to the region," added Roche.

The new entity, Hurricanes' Investment Ltd Partnership is made up with 50% of shares held by WRFU, and 50% private shareholders including Cohiba Traders (represented by former Hurricanes chairperson, Paul Collins), ForsythMorison (represented by former Hurricanes board member, Liz Dawson) and Welnix, owners of the Wellington Phoenix (represented by Gareth Morgan).

"Welnix's involvement reinforces the importance for Wellington sports to work together and shows our commitment to seeing the Hurricanes do well as a franchise," Morgan said.

"This is great news for Wellington and Hurricanes' rugby fans who now can celebrate knowing their favourite team is staying here. This new structure strengthens the Hurricanes providing the platform to build a sustainable and successful team," WRFU CEO, James Te Puni said.

"The Hurricanes will continue to be based at our world class training facility while carrying the flag to the whole Hurricanes region."

A Super Rugby Licensee's responsibilities includes management of the team both on-field and off-field including, the professional development for members of the squad and promotion of matches and the brand associated with each team.

The Licensee's revenue generating opportunities could include team naming rights from 2016 onwards and non-rugby activities. Additionally, all costs currently met centrally by NZRU/SANZAR would be retained by them.

A similar arrangement is expected to be finalised for seven-time Super Rugby champions the Crusaders within a month.

Heineken Cup Rugby News
McCall excited about Champions Cup fixtures
aracens Director of Rugby Mark McCall says that he believes their opening Champions Cup fixture at Allianz Park against Stade Toulousain provides the Aviva Premiership Champions with an "incredibly exciting" start the 2015/16 competition
Read more on this Rugby news article

Other recent news
Toulon in pool of death for European Champions Cup
European Champions Cup final venues confirmed
Leinster part company with coach Matt O'Connor

More Heineken Cup Rugby News

Aviva Premiership
Anglo Welsh Cup News
Six Nations Rugby
Ritchie: England finishing second is 'not acceptable'
Rugby Football Union (RFU) chief executive Ian Ritchie has said that England's fourth consecutive runners-up finish in the Six Nations is "not acceptable".
Read more on this Rugby news article

Other recent news
Frenzied 6N finale sends World Cup warning
Mike Brown slams lacklustre Italy and Scotland
Ireland end 60 year wait for back to back titles

More Six Nations Rugby News

Rugby Week Sponsor
Latest Rugby video