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‘Crusaders, Hurricanes partially privatized'
The Saudi Gazette Published in The Saudi Gazette on 13 - 11 - 2012


WELLINGTON — The licenses for the Canterbury Crusaders and Wellington Hurricanes Super 15 franchises will be partially sold-off to private investors, the New Zealand Rugby Union (NZRU) said Monday. NZRU chairman Steve Tew said a joint-ownership deal had already been struck for the Hurricanes license and a similar arrangement was expected to be finalized for seven-time Super champions the Crusaders within a month. It is the latest in a series of moves by the NZRU to improve its finances, including a deal for the All Blacks to wear a sponsor's logo on their jerseys for only the second time in their 107-year history. — AP

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