The New Zealand Rugby is considering selling a percentage of the All Blacks.
Recently, the NZRFU has voted to sell 12.5% of the All Blacks to a firm called Silver Lake.
The move would bring in $387m for the game of rugby in New Zealand.
It would be the first time in the all Black’s 115 year history that a part of the team would be sold.
It brings into sharp focus the prospect of the All Blacks becoming a non-wholly publicly owned entity for the first time in the team’s 115-year history.
However, the deal needs to be signed off by the New Zealand Rugby Players’ Association. This is essentially the professional players.
Several high-profile players, including All Blacks captain Sam Cane, have raised fears about the commercialisation of sacred team symbols – including the haka.
Silver Lake is a large company that owns parts of major sporting teams. Currently they own parts of the Premier League’s Manchester City, A-League’s Melbourne City and the NBA’s New York Knicks included.