New Zealand Rugby has finally agreed terms for its much-craved cash injection, shaking hands with the players union to sell a minority stake to private equity firm Silver Lake.
The New Zealand Rugby (NZR) board announced the deal on Thursday morning, which will see the American firm invest an initial $NZ200 million ($A186 million) to own 5.71 per cent of NZR's commercial arms.
The deal comes after months of tense debate, with players blocking previous efforts for private ownership of the All Blacks brand, which has always been wholly publicly owned.
