Private equity now in Oz rugby scrum
The resolution of the hotly-contested licensing of the new fifth Australian Super 15 rugby club known as the Australian Rugby Union (ARU), owned by the Melbourne Rebels consortium, has kicked off speculation that private equity will be a new player to be reckoned with in Australian rugby going forward.
Certainly, that is the view expressed by ARU boss John O’Neill. The issue that dragged on for months was whether commercial or ‘community’ interests would control the new team. But with stiffening...
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