All Blacks players union and Forsyth Barr proposing 5% sale of NZ Rugby for NZ investors as alternative to the Silver Lake sale.

More details here.

"Forsyth Barr believes the proceeds from an NZ Inc IPO Offer of 5 percent of income generating assets also allow NZR to make a capital contribution to Commercial Co of $50m as per the Silver Lake proposal, and result in NZR reserves of between $136m and $154m, significantly more than their reserves policy target (40 percent of their cost base) and pre Covid-19 reserve levels."

Slim chances of success or inspired idea?