Dear MEL Topic Readers,
Coronavirus: All Blacks rugby looking at private equity bids
Commonly known as the All Blacks, the New Zealand national rugby union team is a three-time world cup winner, the latest in 2015. With a winning record of nearly 80% in black uniform, All Blacks is surely the most competitive rugby team. But many people recognize the team for their “haka,” a Maori challenge or posture dance that is performed aggressively before each match to scare the opponent and amuse the spectators. Indeed, All Black is the most valuable rugby team brand in the world. However, even with the outstanding records and popular dance, All Black is not immune to the financial effect of the coronavirus pandemic. As their cash reserves shrink, the team is now looking for financial supporters like private equity.
Even though New Zealand is nearly a coronavirus-free country, the team won’t be able to have international matches for the foreseeable future. How soon will they secure the funding needed to survive the difficult time? Will haka bring about a win in this challenge?
Enjoy reading the article and learn about how a famed rugby team has been affected by the coronavirus.
Coronavirus: All Blacks rugby looking at private equity bids
Commonly known as the All Blacks, the New Zealand national rugby union team is a three-time world cup winner, the latest in 2015. With a winning record of nearly 80% in black uniform, All Blacks is surely the most competitive rugby team. But many people recognize the team for their “haka,” a Maori challenge or posture dance that is performed aggressively before each match to scare the opponent and amuse the spectators. Indeed, All Black is the most valuable rugby team brand in the world. However, even with the outstanding records and popular dance, All Black is not immune to the financial effect of the coronavirus pandemic. As their cash reserves shrink, the team is now looking for financial supporters like private equity.
Even though New Zealand is nearly a coronavirus-free country, the team won’t be able to have international matches for the foreseeable future. How soon will they secure the funding needed to survive the difficult time? Will haka bring about a win in this challenge?
Enjoy reading the article and learn about how a famed rugby team has been affected by the coronavirus.
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