Tuesday, February 13, 2018

Canterbury Rugby Union Buys Minority Stake In Seawolves

The Canterbury Rugby Union has bought a minority share in the Seattle Seawolves.  Having Canterbury invest in the Seawolves and in Major League Rugby is big news ahead of the league starting in a couple of months. It's unclear what the partnership will provide but it's seems obvious that the union will provide advice in coaching, player training, and in the business side of rugby. Canterbury is obviously hoping that the partnership will provide long-term gains both financially and in player development. The Canterbury Rugby Union is a major stakeholder in the Crusaders.

"As the oldest rugby organisation in New Zealand we are excited to have secured a small stake in the future of professional rugby in the US," Canterbury Rugby CEO Nathan Godfrey said in a press release."We look forward to sharing our expertise of developing some of the world's best rugby players with the Seawolves."

Take the jump to read more.

Crusaders chief executive Hamish Riach added "As a professional rugby club we are delighted to have the opportunity to take a small stake in the Seawolves, with our goal being to assist them with their entry into professional rugby in the US. We look forward to helping where we can and supporting them in their exciting journey to be a successful professional team and club."

"I could not be more thrilled to have the winning tradition of the Crusaders and Canterbury Rugby joining our ownership team," said Seawolves co-owner Shane Skinner. "They are world class sports organisations and this partnership underscores the potential of professional rugby in America."

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