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Canterbury Crusaders to be operated by provincial consortium

The Associated Press / Times Colonist
December 17, 2012

WELLINGTON, New Zealand - Super rugby's most successful team, the Canterbury Crusaders, will be run by a consortium of provincial unions from next year as the New Zealand Rugby Union continues the partial privatization of its clubs.

The license to operate the Crusaders will be taken up from Jan. 1 by the Crusaders Limited Partnership, a consortium representing the provinces Canterbury, Tasman, South Canterbury, Mid Canterbury, Buller and West Coast.

Mining investor Brent Francis will also inject capital into the club and will take one of six director's positions on a new board.

The allocation of the Crusaders license follows the New Zealand union's move to award a license to operate the Wellington Hurricanes to the Wellington Rugby Union and a consortium of businessmen.

© Copyright 2013

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