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

Lee-Lo returns as Boyd builds Canes roster Reynold Lee-Lo let go early by Crusaders Focus is on rehab for Hurricanes forward duo Quade Cooper's advice helps Reds sign Thor Flexible Japanese winning Super Rugby's race 'Tongan Thor' Taniela Tupou signs with Reds Canterbury building connections with US rugby Richie Mo’unga on hunt for a Super Rugby spot Wallabies jersey not the motivation for Hunt Recruitment pressure adding to Blues' troubles

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

What did you make of the 2014 Super Rugby season?

It was a cracker and the best team won the title.

The Crusaders were robbed in the final.

It was a bit of a snorefest and the Kiwi teams largely disappointed.

Super Rugby? Please, bring on the NPC.

Vote Result

Featured Promotions

Sponsored Content