Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UPDATE 2-Rugby-New Zealand gives Pacific teams green light for Super Rugby

Published 14/04/2021, 12:39 pm
Updated 14/04/2021, 01:48 pm

(Adds Rugby Australia comment in paras 7-8, changes dateline)

By Ian Ransom

MELBOURNE, April 14 (Reuters) - Pacific islands teams Moana Pasifika and Fijian Drua have been granted conditional licences to join a proposed Super Rugby competition next year, New Zealand Rugby (NZR) said on Wednesday.

The NZR board's decision is a major step toward the teams joining New Zealand and Australian Super Rugby sides in a new tournament in 2022.

NZR said the Pacific teams' participation was conditional on their final business plans and Rugby Australia's support.

"We are moving into the final phase of planning for 2022 and beyond, and we have confidence that Moana Pasifika and the Fijian Drua will be able to meet the conditions of the licence, which includes final sign off on a sustainable business plan by June 30," NZR Chief Executive Mark Robinson said in a statement.

"In the next two months we will be working with Rugby Australia and the two Pasifika teams to formalise their place in the new competition for what we believe will kick off an exciting, new era for the professional game."

Rugby Australia said it was "encouraged" by the NZR announcement.

"We look forward to continuing our engagement with NZR on this process as we plan towards 2022," RA Chief Executive Andy Marinos said in a separate statement.

"Once further conditions around the licences have been met, we look forward to formalising the composition of the teams in what will hopefully prove a new dawn for rugby in the region."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Fijian Drua, launched in 2017, compete in the lower tier Australian National Rugby Championship and won the title in 2018.

An invitational Moana Pasifika squad were beaten 28-21 by the Maori All Blacks in a one-off match last year.

Fijian Drua are expected to be based in Fiji but Moana Pasifika, which would be comprised of players from Tonga and Samoa, are likely to operate out of New Zealand due to cost concerns.

New Zealand have pushed for Pacific inclusion in a new tournament with Australia's professional teams since the broader Super Rugby competition, which included South African sides and one from Argentina, was abandoned last year due to the COVID-19 pandemic.

Governing body World Rugby provided further impetus last month by pledging 1.2 million pounds ($1.65 million) annually over three years to help facilitate the entry of the Pacific teams.

"This is a big moment for the Drua and will provide the impetus for us to finalise our equity partners, appoint coaches, contract players and confirm our commercial partners," said Fiji Rugby Union Chairman Conway Begg.

"We are on the home stretch and excitement is building across Fiji."

($1 = 0.7269 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.