The controversial and big money deal between New Zealand Rugby and American investment giants Silver Lake looks set to finally be confirmed.
The much-maligned commercial rights deal, which would see NZR's commercial interests controlled, has long been at an impasse, but it appears it may now be resolved within the next few weeks.
The New Zealand Rugby board holds its next meeting early next month, when Newshub understands its members could sign off on the deal.
The investment is expected to be less than the initial 12.5 percent being pursued, with the figure now more likely to be in the five to 10 percent range.
The deal has been held up by the New Zealand Rugby Players Association, who have been at loggerheads with NZR, as they've struggled to find common ground despite ongoing mediation.
But it's now understood NZRPA has been working positively with Silver Lake and NZR to help finalise a deal.
Newshub understands NZR could continue to pursue more investment beyond the Silver Lake deal.
With losses in the tens of millions of dollars over the last few years, NZR is desperate to keep the national game afloat, and capital from off-shore investors could be critical to that cause.
