The NZRU and a Crusaders region consortium have agreed in principle a licence arrangement to operate the Crusaders franchise and a final contract is expected to be signed within a month. For the Blues, options were being considered both regionally and internationally and the franchise required more time to consolidate a final bid. The NZRU will retain full ownership of the franchises, the contracting process and coaching appointments. Crusaders News.
NZRU chairman Steve Tew revealed a joint-ownership deal has already been struck for the Hurricanes licence and a similar arrangement is expected to be finalised for seven-time Super Rugby champions the Crusaders within a month. As part of the Wellington sell-off, existing owner the Wellington Rugby Football Union will jointly run the team with a business consortium that includes investors linked to the Wellington Phoenix A-League football club.
No value was given. Tags: Rugby. Steve Tew. Hurricanes Investments LP. Paul Collins. Liz Dawson. Colin Oldfield.
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