The licence to operate the Auckland Blues Super 15 franchise has been partially sold-off to a private investment firm, the New Zealand Rugby Union (NZRU) said on Friday.
New Zealand Rugby Union chief executive Steve Tew speaks during a press conference in Wellington on December 16, 2011. The licence for the Auckland Blues Super 15 franchise has been partially sold-off to a private investment firm, he said Friday.
NZRU chief executive Steve Tew said the deal, which involves Auckland-based Bolton Equities taking a 40 percent stake in the three-time champion's operations, was part of a plan to improve New Zealand clubs' finances.
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