BREAKING NEWS
Murderer Phillip Smith on way back to NZ from Brazil - reports ... More soon
Close

NZRU issues license for new Chiefs franchise

EVAN PEGDEN
Last updated 12:22 10/12/2013
Waikato Times

As part of arrangement between rugby unions and private investors the Taranaki Rugby Football Union has joined the Chiefs in a seven-year licence issued by New Zealand Rugby.

Liam Messam
Getty Images
TEST MATCH INTENSITY: All Black Liam Messam in action for the Chiefs against the Crusaders.

Relevant offers

Super Rugby

James Marshall aces dreaded 'yo-yo' test as Hurricanes resume training Chiefs prop Ben Afeaki facing up to chance his rugby career could be over Fiji beckons for Crusaders and Super Rugby Hika Elliot returns from neck injury to Chiefs Jimmy Cowan focused on the Blues before ABs Mauger leaving Crusaders for Leicester return Japan, Argentina officially join Super Rugby Genia: Reds will embrace refreshed O'Connor Daryl Gibson puts hand up for top Waratahs job Hurricanes' take pre-season training to Gisborne

The Taranaki Rugby Football Union has joined the Chiefs as part of a seven-year licence issued by New Zealand Rugby for the new Chiefs Rugby Club to run the Super Rugby franchise.

New Zealand Rugby chief executive Steve Tew announced the move at the Chiefs' Ruakura base today.

In the joint deal, which will take two Chiefs home games to New Plymouth in each of the next two seasons, the Waikato, Counties Manukau, Thames Valley, Bay of Plenty, King Country and Taranaki provincial unions will provide 50 per cent of a $3.3 million investment in the organisation.

The other half will be provided by private investors from Waikato, Taranaki and, for the first time in New Zealand Super Rugby franchises, overseas through Mauritius-based Chiefs fan and businessman Eric Series.

The Hamilton-based company Gallagher Group will increase its current sponsorship of the Chiefs in 2016 to take over naming rights,  when the team will become known as the Gallagher Chiefs.

Chiefs chairman Dallas Faisher said it had been a significant project over the last nine months to pull together the commercial structures required to make such a deal possible.

The business capital brought into the Chiefs would be deployed to a number of investment projects including the purchase of new strength and conditioning equipment, rehabilitation systems and the improvement of outside training facilities.

An establishment board has been set up to appoint a new board of seven members, which will include five independent directors and two investor appointees. The process is expected to take two months.

Next year's home games to be played in New Plymouth will be against the Blues on Friday, May 9, and the Waratahs three weeks later on Saturday, May 31. Waikato Stadium will host the other six home games with Pukekohe and Mt Maunganui missing out.

Ad Feedback

- Fairfax Media

Special offers
Opinion poll

Which 2015 NZ Super Rugby team looks best?

Blues

Chiefs

Crusaders

Highlanders

Hurricanes

Vote Result

Featured Promotions

Sponsored Content